620.2102 Conversion.—
(1) An organization other than a limited partnership may convert to a limited partnership, and a limited partnership may convert to another organization, other than an organization which is also a domestic limited partnership governed by this act, pursuant to this section and ss. 620.2103-620.2105 and a plan of conversion, if:
(a) The other organization’s governing law authorizes the conversion.
(b) The conversion is permitted by the law of the jurisdiction that enacted the governing law.
(c) The other organization complies with its governing law in effecting the conversion.
(2) A plan of conversion must be in a record and must include:
(a) The name and form of the organization before conversion.
(b) The name and form of the organization after conversion.
(c) The terms and conditions of the conversion, including the manner and basis for converting interests in the converting organization into any combination of money, interests in the converted organization, and other consideration.
(d) The organizational documents of the converted organization.
History.—s. 17, ch. 2005-267.
Section: Previous 620.1910 620.2001 620.2002 620.2003 620.2004 620.2005 620.2101 620.2102 620.2103 620.2104 620.2105 620.2106 620.2107 620.2108 620.2109 NextLast modified: September 23, 2016