Fla. Stat. 607.604
Election of benefit corporation status

(1)

An existing corporation may become a benefit corporation under this part by amending its articles of incorporation to include a statement that the corporation is a benefit 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 benefit corporation is a party to a 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 benefit corporation.

(3)

If an entity elects to become a benefit 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.

Source: Section 607.604 — Election of benefit corporation status, https://www.­flsenate.­gov/Laws/Statutes/2024/0607.­604 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 607.604. Election of benefit corporation status's source at flsenate​.gov