Florida Statute 607.504 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 607
FLORIDA BUSINESS CORPORATION ACT

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F.S. 607.504

607.504 Election of social purpose corporation status.—

(1) An existing corporation may become a social purpose corporation under this part by amending its articles of incorporation to include a statement that the corporation is a social purpose corporation under this part. The amendment must be adopted by the minimum status vote.

(2) A plan of merger, domestication, conversion, or share exchange must be adopted by the minimum status vote if an entity that is not a social purpose corporation is a party to the merger, domestication, or conversion or if the exchanging entity in a share exchange and the surviving, new, or resulting entity is, or will be, a social purpose corporation.

(3) If an entity elects to become a social purpose corporation by amendment of the articles of incorporation or by a merger, domestication, conversion, or share exchange, the shareholders of the entity are entitled to appraisal rights under and pursuant to ss. 607.1301-607.1340.

History.—s. 10, ch. 2014-209; s. 232, ch. 2019-90; s. 69, ch. 2020-32.

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Amendments to 607.504

Arrestable Offenses / Crimes under Fla. Stat. 607.504

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 607.504.

Annotations, Discussions, Cases:

Cases Citing Statute 607.504

Total Results: 4

Seymour Ex Rel. Williams v. Panchita Investment, Inc.

Court: District Court of Appeal of Florida | Date Filed: 2010-02-24

Citation: 28 So. 3d 194, 2010 Fla. App. LEXIS 2097, 2010 WL 624129

Snippet: Civ. P. 1.070 and 1.080, and §§ 48.081, 48.21, 607.0504 and 607.0505, Fla. Stat. (2009). [3] Our Supreme

Golden State Industries, Inc. v. Cueto

Court: District Court of Appeal of Florida | Date Filed: 2004-04-14

Citation: 883 So. 2d 817, 2004 Fla. App. LEXIS 5221, 2004 WL 784487

Snippet: authorized agent for service of process. See § 607.0504(2), Fla. Stat. (1999). In the absence of the corporation’s

Polk Cty. Rand v. State Dept. Legal

Court: District Court of Appeal of Florida | Date Filed: 1996-01-19

Citation: 666 So. 2d 279, 1996 WL 16585

Snippet: chapter 607, Florida Statutes (1991). Section 607.0504(1), Florida Statutes (1991), provides that corporations

Cam-La, Inc. v. Fixel

Court: District Court of Appeal of Florida | Date Filed: 1994-02-15

Citation: 632 So. 2d 1067, 1994 Fla. App. LEXIS 951, 1994 WL 45272

Snippet: served as the registered agent of Cam-La, see § 607.0504, Fla.Stat. (1989), and the final judgment could