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FL S0222
Bill
Status
9/14/2011
Primary Sponsor
Gary Siplin
Click for details
AI Summary
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Allows limited agricultural associations to convert to nonprofit corporations by filing a certificate of conversion and articles of incorporation with the Department of State.
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Establishes a $35 filing fee for the certificate of conversion of a limited agricultural association to a domestic nonprofit corporation.
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Requires conversion to be approved by a majority vote of the association's members, unless otherwise specified in the association's articles or bylaws.
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Provides that conversion does not affect pre-existing obligations or liabilities, and all association assets, rights, and debts transfer to the new corporation without requiring dissolution or winding up of affairs.
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Specifies that the converted corporation's existence is deemed to have commenced when the original association was formed, preserving legal continuity.
Legislative Description
Limited Agricultural Associations
Last Action
Laid on Table, refer to CS/HB 827 -SJ 1191
3/9/2012