Florida Statute 607.504 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 607
FLORIDA BUSINESS CORPORATION ACT

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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

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Cases Citing Statute 607.504

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Polk Cty. Rand v. State Dept. Legal, 666 So. 2d 279 (Fla. 2d DCA 1996).

Cited 5 times | Published | Florida 2nd District Court of Appeal | 1996 WL 16585

governed by chapter 607, Florida Statutes (1991). Section 607.0504(1), Florida Statutes (1991), provides that

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Cam-La, Inc. v. Fixel, 632 So. 2d 1067 (Fla. 3d DCA 1994).

Cited 1 times | Published | Florida 3rd District Court of Appeal | 1994 Fla. App. LEXIS 951, 1994 WL 45272

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

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Golden State Indus., Inc. v. Cueto, 883 So. 2d 817 (Fla. 3d DCA 2004).

Published | Florida 3rd District Court of Appeal | 2004 Fla. App. LEXIS 5221, 2004 WL 784487

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

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