Fla. Stat. 607.1101
Merger
Mentioned in
Where to Incorporate? Florida Bar Survey Results and a Florida vs. Delaware Comparative Analysis
The Florida Bar, June 27, 2022
"As of December 31, 2021, there were 811,396 active for-profit corporations incorporated under Florida law, including 104,625 incorporated in 2021. [1] Results of a survey conducted in March 2021 by The Florida Bar’s Business Law Section (BLS) indicated that approximately 70% of corporations organized by respondents (Florida-based practitioners) are incorporated in Florida."
Bibliographic info
(1)
By complying with this chapter, including adopting a plan of merger in accordance with subsection (3) and complying with s. 607.1103:One or more domestic corporations may merge with one or more domestic or foreign eligible entities pursuant to a plan of merger, resulting in a survivor; andAny two or more entities, each of which is either a domestic eligible entity or a foreign eligible entity, may merge, resulting in a survivor that is a domestic corporation created in the merger.(a)
One or more domestic corporations may merge with one or more domestic or foreign eligible entities pursuant to a plan of merger, resulting in a survivor; and(b)
Any two or more entities, each of which is either a domestic eligible entity or a foreign eligible entity, may merge, resulting in a survivor that is a domestic corporation created in the merger.(2)
A domestic eligible entity that is not a corporation may be a party to a merger with a domestic corporation, or may be created as the survivor in a merger in which a domestic corporation is a party, but only if the parties to the merger comply with the applicable provisions of this chapter and the merger is permitted by the organic law of the domestic eligible entity that is not a corporation. A foreign eligible entity may be a party to a merger with a domestic corporation, or may be created as the survivor in a merger in which a domestic corporation is a party, but only if the parties to the merger comply with the applicable provisions of this chapter and the merger is permitted by the organic law of the foreign eligible entity.(3)
The plan of merger must set forth:As to each party to the merger, its name, jurisdiction of formation, and type of entity;The survivor’s name, jurisdiction of formation, and type of entity, and, if the survivor is to be created in the merger, a statement to that effect;The terms and conditions of the merger;The manner and basis of converting:
The shares of each domestic or foreign corporation and the eligible interests of each merging domestic or foreign eligible entity into:
Shares or other securities.
Eligible interests.
Obligations.
Rights to acquire shares, other securities, or eligible interests.
Cash.
Other property.
Any combination of the foregoing; and
Rights to acquire shares of each merging domestic or foreign corporation and rights to acquire eligible interests of each merging domestic or foreign eligible entity into:
The articles of incorporation of any domestic or foreign corporation, or the public organic record of any other domestic or foreign eligible entity to be created by the merger, or if a new domestic or foreign corporation or other eligible entity is not to be created by the merger, any amendments to, or restatements of, the survivor’s articles of incorporation or other public organic record;The effective date and time of the merger, which may be on or after the filing date of the articles of merger; andAny other provisions required by the laws under which any party to the merger is organized or by which it is governed, or by the articles of incorporation or organic rules of any such party.Shares or other securities.
Eligible interests.
Obligations.
Rights to acquire shares, other securities, or eligible interests.
Cash.
Other property.
Any combination of the foregoing;
(a)
As to each party to the merger, its name, jurisdiction of formation, and type of entity;(b)
The survivor’s name, jurisdiction of formation, and type of entity, and, if the survivor is to be created in the merger, a statement to that effect;(c)
The terms and conditions of the merger;(d)
The manner and basis of converting:The shares of each domestic or foreign corporation and the eligible interests of each merging domestic or foreign eligible entity into:Shares or other securities.
Eligible interests.
Obligations.
Rights to acquire shares, other securities, or eligible interests.
Cash.
Other property.
Any combination of the foregoing; and
Rights to acquire shares of each merging domestic or foreign corporation and rights to acquire eligible interests of each merging domestic or foreign eligible entity into:Shares or other securities.
Eligible interests.
Obligations.
Rights to acquire shares, other securities, or eligible interests.
Cash.
Other property.
Any combination of the foregoing;
(e)
The articles of incorporation of any domestic or foreign corporation, or the public organic record of any other domestic or foreign eligible entity to be created by the merger, or if a new domestic or foreign corporation or other eligible entity is not to be created by the merger, any amendments to, or restatements of, the survivor’s articles of incorporation or other public organic record;(f)
The effective date and time of the merger, which may be on or after the filing date of the articles of merger; and(g)
Any other provisions required by the laws under which any party to the merger is organized or by which it is governed, or by the articles of incorporation or organic rules of any such party.(4)
In addition to the requirements of subsection (3), a plan of merger may contain any other provision that is not prohibited by law.(5)
Terms of a plan of merger may be made dependent on facts objectively ascertainable outside the plan in accordance with s. 607.0120(11).(6)
A plan of merger may be amended only with the consent of each party to the merger, except as provided in the plan. A domestic party to a merger may approve an amendment to a plan:In the same manner as the plan was approved, if the plan does not provide for the manner in which it may be amended; orIn the manner provided in the plan, except that shareholders, members, or interest holders that were entitled to vote on or consent to the approval of the plan are entitled to vote on or consent to any amendment to the plan that will change:The amount or kind of shares or other securities; eligible interests; obligations; rights to acquire shares, other securities, or eligible interests; cash; other property; or any combination of the foregoing, to be received under the plan by the shareholders; holders of rights to acquire shares, other securities, or eligible interests; members; or interest holders of any party to the merger;
The articles of incorporation of any domestic corporation, or the organic rules of any other type of entity, that will be the survivor of the merger, except for changes permitted by s. 607.1002 or by comparable provisions of the organic law of any other type of entity; or
Any of the other terms or conditions of the plan if the change would adversely affect such shareholders, members, or interest holders in any material respect.
(a)
In the same manner as the plan was approved, if the plan does not provide for the manner in which it may be amended; or(b)
In the manner provided in the plan, except that shareholders, members, or interest holders that were entitled to vote on or consent to the approval of the plan are entitled to vote on or consent to any amendment to the plan that will change:The amount or kind of shares or other securities; eligible interests; obligations; rights to acquire shares, other securities, or eligible interests; cash; other property; or any combination of the foregoing, to be received under the plan by the shareholders; holders of rights to acquire shares, other securities, or eligible interests; members; or interest holders of any party to the merger;The articles of incorporation of any domestic corporation, or the organic rules of any other type of entity, that will be the survivor of the merger, except for changes permitted by s. 607.1002 or by comparable provisions of the organic law of any other type of entity; orAny of the other terms or conditions of the plan if the change would adversely affect such shareholders, members, or interest holders in any material respect.(7)
The redomestication of a foreign insurer to this state under s. 628.520 shall be deemed a merger of a foreign corporation and a domestic corporation, and the surviving corporation shall be deemed to be a domestic corporation incorporated under the laws of this state. The redomestication of a Florida corporation to a foreign jurisdiction under s. 628.525 shall be deemed a merger of a domestic corporation and a foreign corporation, and the surviving corporation shall be deemed to be a foreign corporation.
Source:
Section 607.1101 — Merger, https://www.flsenate.gov/Laws/Statutes/2024/0607.1101 (accessed Aug. 7, 2025).