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FL S0222

Bill

Status

Introduced

9/14/2011

Primary Sponsor

Gary Siplin

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Allows limited agricultural associations to convert to nonprofit corporations by filing a certificate of conversion and articles of incorporation with the Department of State.

  • Establishes a $35 filing fee for the certificate of conversion of a limited agricultural association to a domestic nonprofit corporation.

  • Requires conversion to be approved by a majority vote of the association's members, unless otherwise specified in the association's articles or bylaws.

  • 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.

  • 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

Committee Referrals

Budget3/1/2012
Transportation, Tourism, And Economic Development Appropriations Subcommittee2/23/2012
Budget1/25/2012
Agriculture1/11/2012
Commerce And Tourism9/21/2011

Full Bill Text

No bill text available