Florida Statutes 620.8916 – Merger
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(1) A partnership may merge with one or more other constituent organizations pursuant to this section and ss. 620.8917–620.8919 and a plan of merger, if:
(a) The governing law of each of the other organizations authorizes the merger.
Terms Used In Florida Statutes 620.8916
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) The merger is permitted by the law of each jurisdiction that enacted those governing laws.
(c) Each of the other organizations complies with its governing law in effecting the merger.
(2) A plan of merger must be in a record and must include:
(a) The name and form of each constituent organization.
(b) The name and form of the surviving organization.
(c) The terms and conditions of the merger, including the manner and basis for converting the interests in each constituent organization into any combination of money, interests in the surviving organization, and other consideration.
(d) Any amendments to be made by the merger to the surviving organization’s organizational documents.