Florida § 605.1042 - Plan of conversion.
Full text of Florida Florida Statutes § 605.1042 — Plan of conversion., with citation guidance and answers to common questions.
§ 605.1042. Plan of conversion.
(1) A domestic limited liability company may convert into a different type of domestic entity or into a foreign entity that is a foreign limited liability company or a different type of foreign entity by approving a plan of conversion. The plan must be in a record and contain the following: (a) The name of the converting limited liability company. (b) The name, jurisdiction of formation, and type of entity of the converted entity. (c) The manner and basis of converting the interests and rights to acquire interests in the converting limited liability company into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing. (d) The proposed public organic record of the converted entity, if it will be a filing entity. (e) The full text of the private organic rules of the converted entity which are proposed to be in a record, if any. (f) Any other provision required by the law of this state or the organic rules of the converted limited liability company, if the entity is to be an entity other than a domestic limited liability company. (g) All other statements required to be set forth in a plan of conversion by the law of the jurisdiction of formation of the converted entity following the conversion. (2) In addition to the requirements of subsection (1), a plan of conversion may contain any other provision not prohibited by law.
Frequently Asked Questions About Florida § 605.1042
What does Florida Statutes § 605.1042 cover?
Section 605.1042 ("Plan of conversion.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 605.1042?
A common citation format is "Florida Statutes § 605.1042" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 605.1042 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.