CS/SB 1056: Business Entities
GENERAL BILL by Judiciary ; Klein ; (CO-INTRODUCERS) Lynn ; Campbell ; Aronberg
Business Entities; provides definitions, requirements, criteria, & procedures for conversion of domestic corporation into another business entity; clarifies ground for exercise of appraisal rights; provides for appraisals of interests in certain limited liability companies; revises Fla. Revised Uniform Limited Partnership Act; requires limited partnerships to maintain certain required information, etc. Amends Chs. 607, 608, 617, 620, 817.
Effective Date: 01/01/2006 except as otherwise provided
Last Action: 6/20/2005 - Approved by Governor; Chapter No. 2005-267
Bill Text: Web Page | PDF
Last Action: 6/20/2005 - Approved by Governor; Chapter No. 2005-267
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/27/2005 | Senate |
• Filed |
| 2/18/2005 | Senate |
• Referred to Commerce and Consumer Services; Judiciary; Government Efficiency Appropriations |
| 3/8/2005 | Senate |
• Introduced, referred to Commerce and Consumer Services; Judiciary; Government Efficiency Appropriations -SJ 00066 |
| 3/11/2005 | Senate |
• On Committee agenda-- Commerce and Consumer Services, 03/16/05, 9:00 am, 401-S |
| 3/16/2005 | Senate |
• Favorable with 6 amendment(s) by Commerce and Consumer Services; YEAS 7 NAYS 0 -SJ 00227 |
| 3/17/2005 | Senate |
• Now in Judiciary -SJ 00227 |
| 3/24/2005 | Senate |
• On Committee agenda-- Judiciary, 03/30/05, 2:00 pm, 401-S |
| 3/30/2005 | Senate |
• CS by Judiciary; YEAS 8 NAYS 0 -SJ 00325; CS read first time on 04/05/05 -SJ 00328 |
| 4/1/2005 | Senate |
• Now in Government Efficiency Appropriations -SJ 00325 |
| 4/11/2005 | Senate |
• On Committee agenda-- Government Efficiency Appropriations, 04/14/05, 4:45 pm, 110-S |
| 4/14/2005 | Senate |
• Favorable with 2 amendment(s) by- Government Efficiency Appropriations; YEAS 6 NAYS 0 -SJ 00462 |
| 4/15/2005 | Senate |
• Placed on Calendar, on second reading -SJ 00462 |
| 4/21/2005 | Senate |
• Placed on Special Order Calendar -SJ 00553; Read second time -SJ 00550; Amendment(s) adopted -SJ 00551; Ordered engrossed -SJ 00552 |
| 4/27/2005 | Senate |
• Read third time -SJ 00603; Amendment(s) adopted -SJ 00604; Was taken up -SJ 00626; CS passed as amended; YEAS 40 NAYS 0 -SJ 00628 |
| 4/28/2005 | House |
• In Messages |
| 5/2/2005 | House |
• Received, referred to Calendar -HJ 01161 |
| 5/3/2005 | House |
• Placed on Special Order Calendar; Read second and third times -HJ 01236; Substituted for HB 595 -HJ 01238; CS passed; YEAS 112 NAYS 0 -HJ 01238 |
| 5/3/2005 | Senate |
• Ordered enrolled -SJ 00909 |
| 6/9/2005 |
• Signed by Officers and presented to Governor |
|
| 6/20/2005 |
• Approved by Governor; Chapter No. 2005-267 |
Related Bills
| Bill Number | Subject | Filed By | Relationship | Last Action and Location |
|---|---|---|---|---|
| H 595 | Goodlette | Similar | Last Action: 5/3/2005 H Substituted CS/SB 1056; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/SB 1056 (Ch. 2005-267) -HJ 01238 |
Bill Text
| Version | Posted | Format |
|---|---|---|
| S 1056 Filed | 1/27/2005 4:13 PM | Web Page | PDF |
| S 1056 c1 | 4/1/2005 10:05 AM | Web Page | PDF |
| S 1056 e1 | 4/21/2005 6:36 PM | Web Page | PDF |
| S 1056 e2 | 4/27/2005 4:41 PM | Web Page | PDF |
| S 1056 er | 5/3/2005 2:50 PM | Web Page | PDF |
Committee Amendments
| Amendment | Sponsor | Filed | Last Committee Action | Format |
|---|---|---|---|---|
|
984976 - Amendment |
Commerce and Consumer Services (Klein) |
3/15/2005 8:44 AM |
Web Page
|
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932290 - Amendment |
Commerce and Consumer Services (Klein) |
3/15/2005 8:44 AM |
Web Page
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204468 - Amendment |
Commerce and Consumer Services (Klein) |
3/15/2005 8:45 AM |
Web Page
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|
314402 - Amendment |
Commerce and Consumer Services (Klein) |
3/15/2005 8:45 AM |
Web Page
|
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155984 - Amendment |
Commerce and Consumer Services (Klein) |
3/15/2005 8:46 AM |
Web Page
|
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|
312810 - Amendment |
Commerce and Consumer Services (Klein) |
3/15/2005 8:47 AM |
Web Page
|
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034368 - Amendment |
Judiciary (Campbell) |
3/29/2005 1:34 PM |
Web Page
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861478 - Amendment |
Judiciary (Aronberg) |
3/29/2005 2:03 PM |
Web Page
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744678 - Amendment |
Judiciary (Aronberg) |
3/29/2005 2:03 PM |
Web Page
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454082 - Amendment |
Judiciary (Aronberg) |
3/29/2005 2:03 PM |
Web Page
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645932 - Amendment |
Judiciary (Aronberg) |
3/29/2005 2:04 PM |
Web Page
|
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241584 - Amendment |
Judiciary (Aronberg) |
3/29/2005 2:04 PM |
Web Page
|
| Amendment | Sponsor | Filed | Last Committee Action | Format |
|---|---|---|---|---|
|
094192 - Amendment |
Government Efficiency Appropriations (Campbell) |
4/13/2005 2:44 PM |
Web Page
|
|
|
191066 - Amendment |
Government Efficiency Appropriations (Campbell) |
4/13/2005 4:19 PM |
Web Page
|
Floor Amendments
| Amendments | Sponsor | Filed | Last Floor Action | Format |
|---|---|---|---|---|
|
204360 - Amendment |
Aronberg |
4/20/2005 6:12 PM |
Senate:
Adopted
4/21/2005 |
Web Page
|
|
031412 - Amendment |
Klein |
4/21/2005 2:42 PM |
Senate:
Withdrawn
4/21/2005 |
Web Page
|
|
940874 - Amendment |
Klein |
4/21/2005 2:43 PM |
Senate:
Withdrawn
4/21/2005 |
Web Page
|
|
734382 - Amendment |
Klein |
4/21/2005 2:43 PM |
Senate:
Withdrawn
4/21/2005 |
Web Page
|
|
583148 - Amendment |
Klein |
4/21/2005 3:34 PM |
Senate:
Adopted
4/21/2005 |
Web Page
|
|
190728 - Amendment |
Klein |
4/21/2005 3:34 PM |
Senate:
Withdrawn
4/21/2005 |
Web Page
|
|
683370 - Amendment |
Klein |
4/21/2005 3:34 PM |
Senate:
Adopted
4/21/2005 |
Web Page
|
|
234176 - Amendment |
Klein |
4/21/2005 3:56 PM |
Senate:
Adopted
4/21/2005 |
Web Page
|
| Amendments | Sponsor | Filed | Last Floor Action | Format |
|---|---|---|---|---|
|
465332 - Amendment |
Klein |
4/25/2005 9:45 AM |
Senate:
Adopted
4/27/2005 |
Web Page
|
|
884312 - Amendment |
Klein |
4/26/2005 4:17 PM |
Senate:
Withdrawn
4/27/2005 |
Web Page
|
|
313376 - Amendment |
Klein |
4/26/2005 4:18 PM |
Senate:
Adopted
4/27/2005 |
Web Page
|
740828 - Amendment to Amendment (313376) |
Klein |
4/27/2005 10:15 AM |
Senate:
Adopted
4/27/2005 |
Web Page
|
|
805586 - Amendment |
Klein |
4/26/2005 4:18 PM |
Senate:
Withdrawn
4/27/2005 |
Web Page
|
|
110122 - Amendment |
Klein |
4/26/2005 4:18 PM |
Senate:
Withdrawn
4/27/2005 |
Web Page
|
Bill Analyses
| Type | Analysis | Author | Posted | Format |
|---|---|---|---|---|
| Bill Analysis | S 1056 | Commerce and Consumer Services (Post-Meeting) | 3/14/2005 12:00 AM | |
| Bill Analysis | S 1056 | Government Efficiency Appropriations (Post-Meeting) | 4/15/2005 12:00 AM | |
| Bill Analysis | S 1056 | Judiciary (Post-Meeting) | 4/1/2005 12:00 AM |
Vote History - Committee
| Version | Committee | Date | Result |
|---|---|---|---|
| S 1056 Filed | Commerce and Consumer Services | 3/16/2005 9:00 AM | 7 Yeas - 0 Nays |
| S 1056 c1 | Judiciary | 3/30/2005 2:00 PM | View Vote Record |
| S 1056 c1 | Government Efficiency Appropriations | 4/14/2005 4:45 PM | 6 Yeas - 0 Nays |
Vote History - Floor
| Vote | Date | Chamber | Result |
|---|---|---|---|
| S 1056 e1 | 4/27/2005 3:06 PM | Senate | 40 Yeas - 0 Nays |
| S 1056 e2 | 5/3/2005 1:48 PM | House | 112 Yeas - 0 Nays |
Citations - Statutes (261)
| Citation | Catchline | Location in Bill Location In Bill Help |
|---|---|---|
| 607.0129 | Penalty for signing false document. | |
| 607.11101 | Effect of merger of domestic corporation and other business entity. | |
| 607.1112 | ||
| 607.1113 | ||
| 607.1114 | ||
| 607.1115 | ||
| 607.1301 | Appraisal rights; definitions. | |
| 607.1302 | Right of shareholders to appraisal. | |
| 608.407 | Articles of organization. | |
| 608.4225 | General standards for managers and managing members. | |
| 608.4351 | ||
| 608.4352 | ||
| 608.4353 | ||
| 608.4354 | ||
| 608.4355 | ||
| 608.4356 | ||
| 608.4357 | ||
| 608.43575 | ||
| 608.4358 | ||
| 608.43585 | ||
| 608.4359 | ||
| 608.43595 | ||
| 608.438 | Merger of limited liability company. | |
| 608.4381 | Action on plan of merger. | |
| 608.4382 | Articles of merger. | |
| 608.4383 | Effect of merger. | |
| 608.4384 | Rights of dissenting members. | |
| 608.439 | Conversion of certain entities to a limited liability company. | |
| 608.4401 | ||
| 608.4402 | ||
| 608.4403 | ||
| 608.4404 | ||
| 608.452 | Fees of the Department of State. | |
| 617.0129 | Penalty for signing false document. | |
| 617.0302 | Corporate powers. | |
| 617.0505 | Payment of dividends and distribution of income to members prohibited; issuance of certificates of membership; effect of stock issued under prior law. | |
| 617.1108 | ||
| 620.101 | Short title. | |
| 620.102 | Definitions. | |
| 620.103 | Name of limited partnership. | |
| 620.105 | Recordkeeping office; agent for service of process. | |
| 620.1051 | Change of registered office or registered agent; change of address. | |
| 620.106 | Records to be kept. | |
| 620.107 | Nature of business that may be carried on. | |
| 620.108 | Formation; certificate of limited partnership. | |
| 620.109 | Amendment to, or restated, certificate of limited partnership. | |
| 620.1101 | ||
| 620.1102 | ||
| 620.1103 | ||
| 620.1104 | ||
| 620.1105 | ||
| 620.1106 | ||
| 620.1107 | ||
| 620.1108 | ||
| 620.1109 | ||
| 620.1110 | ||
| 620.1111 | ||
| 620.1112 | ||
| 620.1113 | ||
| 620.1114 | ||
| 620.1115 | ||
| 620.1116 | ||
| 620.1117 | ||
| 620.1118 | ||
| 620.112 | Supplemental affidavit of capital contributions. | |
| 620.113 | Cancellation of certificate of limited partnership. | |
| 620.114 | Execution of certificate or statement. | |
| 620.115 | Execution of certificate pursuant to court order. | |
| 620.116 | Filing with Department of State. | |
| 620.117 | Liability for false statement in certificate. | |
| 620.118 | Filing; scope of notice. | |
| 620.119 | Delivery of certificates to limited partners. | |
| 620.1201 | ||
| 620.1202 | ||
| 620.1203 | ||
| 620.1204 | ||
| 620.1205 | ||
| 620.1206 | ||
| 620.1207 | ||
| 620.1208 | ||
| 620.1209 | ||
| 620.1210 | ||
| 620.122 | Business transactions of partner with partnership. | |
| 620.123 | Admission of additional general partners. | |
| 620.124 | Events of withdrawal of general partner. | |
| 620.125 | General rights, powers, restrictions, and liabilities of general partner. | |
| 620.126 | Contributions by general partner. | |
| 620.127 | Voting rights of general partners. | |
| 620.128 | Admission of limited partners. | |
| 620.129 | Liability of limited partner to third parties. | |
| 620.1301 | ||
| 620.1302 | ||
| 620.1303 | ||
| 620.1304 | ||
| 620.1305 | ||
| 620.1306 | ||
| 620.132 | Liability of person erroneously believing herself or himself to be a limited partner. | |
| 620.133 | Voting rights of limited partners. | |
| 620.134 | Limited partner's right to inspect records and demand information. | |
| 620.135 | Form of contribution. | |
| 620.136 | Liability for contribution. | |
| 620.137 | Sharing of profits and losses. | |
| 620.138 | Sharing of distributions. | |
| 620.139 | Interim distributions. | |
| 620.1401 | ||
| 620.1402 | ||
| 620.1403 | ||
| 620.1404 | ||
| 620.1405 | ||
| 620.1406 | ||
| 620.1407 | ||
| 620.1408 | ||
| 620.142 | Withdrawal of general partner. | |
| 620.143 | Withdrawal of limited partner. | |
| 620.144 | Distribution upon withdrawal. | |
| 620.145 | Distribution in kind. | |
| 620.146 | Right to distribution. | |
| 620.147 | Limitation on distribution. | |
| 620.148 | Liability upon return of contribution. | |
| 620.149 | Nature of partner's interest in the limited partnership. | |
| 620.1501 | ||
| 620.1502 | ||
| 620.1503 | ||
| 620.1504 | ||
| 620.1505 | ||
| 620.1506 | ||
| 620.1507 | ||
| 620.1508 | ||
| 620.1509 | ||
| 620.152 | Assignment of partnership interest. | |
| 620.153 | Rights of judgment creditor of partner. | |
| 620.154 | Right of assignee to become limited partner. | |
| 620.155 | Power of estate of deceased or incompetent partner. | |
| 620.156 | Property of limited partnership. | |
| 620.157 | Nonjudicial dissolution. | |
| 620.158 | Judicial dissolution. | |
| 620.159 | Winding up affairs of limited partnership. | |
| 620.1601 | ||
| 620.1602 | ||
| 620.1603 | ||
| 620.1604 | ||
| 620.1605 | ||
| 620.1606 | ||
| 620.1607 | ||
| 620.162 | Distribution of assets. | |
| 620.163 | Right of limited partner to bring derivative action. | |
| 620.164 | Derivative action; proper plaintiff. | |
| 620.165 | Derivative action; pleading. | |
| 620.166 | Derivative action; expenses. | |
| 620.167 | Laws governing foreign limited partnership. | |
| 620.168 | Name under which foreign limited partnership may register. | |
| 620.169 | Registration of foreign limited partnership. | |
| 620.1701 | ||
| 620.1702 | ||
| 620.1703 | ||
| 620.1704 | ||
| 620.172 | Issuance of certificate of authority to transact business to foreign limited partnership. | |
| 620.173 | Amendments to registration application. | |
| 620.174 | Cancellation of registration of foreign limited partnership. | |
| 620.175 | Action to restrain foreign limited partnership from transacting business. | |
| 620.176 | Supplemental affidavit of capital contributions. | |
| 620.177 | Annual report of domestic or foreign limited partnership; renewal of authority. | |
| 620.178 | Revocation of authority to transact business; reinstatement. | |
| 620.179 | Transaction of business without registration or after revocation of authority; effect. | |
| 620.1801 | ||
| 620.1802 | ||
| 620.1803 | ||
| 620.1804 | ||
| 620.1805 | ||
| 620.1806 | ||
| 620.1807 | ||
| 620.1808 | ||
| 620.1809 | ||
| 620.1810 | ||
| 620.1811 | ||
| 620.1812 | ||
| 620.1813 | ||
| 620.182 | Fees of the Department of State. | |
| 620.1835 | Powers of Department of State; interrogatories. | |
| 620.184 | Construction and application of act. | |
| 620.185 | Effect of repeal of prior statutes. | |
| 620.186 | Applicability of Uniform Partnership Act. | |
| 620.187 | Limited liability limited partnership. | |
| 620.1901 | ||
| 620.1902 | ||
| 620.1903 | ||
| 620.1904 | ||
| 620.1905 | ||
| 620.1906 | ||
| 620.1907 | ||
| 620.1908 | ||
| 620.1909 | ||
| 620.1910 | ||
| 620.192 | Registered agent; duties. | |
| 620.2001 | ||
| 620.2002 | ||
| 620.2003 | ||
| 620.2004 | ||
| 620.2005 | ||
| 620.201 | Merger of domestic limited partnership. | |
| 620.202 | Action on plan of merger. | |
| 620.203 | Articles of merger. | |
| 620.204 | Effect of merger. | |
| 620.205 | Rights of dissenting partners. | |
| 620.2101 | ||
| 620.2102 | ||
| 620.2103 | ||
| 620.2104 | ||
| 620.2105 | ||
| 620.2106 | ||
| 620.2107 | ||
| 620.2108 | ||
| 620.2109 | ||
| 620.2110 | ||
| 620.2111 | ||
| 620.2112 | ||
| 620.2113 | ||
| 620.2114 | ||
| 620.2115 | ||
| 620.2116 | ||
| 620.2117 | ||
| 620.2118 | ||
| 620.2119 | ||
| 620.2120 | ||
| 620.2121 | ||
| 620.2122 | ||
| 620.2123 | ||
| 620.2124 | ||
| 620.2125 | ||
| 620.2201 | ||
| 620.2202 | ||
| 620.2203 | ||
| 620.2204 | ||
| 620.2205 | ||
| 620.8103 | Effect of partnership agreement; nonwaivable provisions. | |
| 620.8105 | Execution, filing, and recording of partnership registration and other statements. | |
| 620.81055 | Fees for filing documents and issuing certificates; powers of the Department of State. | |
| 620.8404 | General standards of partner's conduct. | |
| 620.8901 | Definitions; ss. 620.8901-620.8908. | |
| 620.8902 | Conversion of partnership to limited partnership. | |
| 620.8903 | Conversion of limited partnership to partnership. | |
| 620.8904 | Effect of conversion; entity unchanged. | |
| 620.8905 | Merger of partnerships. | |
| 620.8906 | Effect of merger. | |
| 620.8907 | Statement of merger. | |
| 620.8908 | Nonexclusive. | |
| 620.8911 | ||
| 620.8912 | ||
| 620.8913 | ||
| 620.8914 | ||
| 620.8915 | ||
| 620.8916 | ||
| 620.8917 | ||
| 620.8918 | ||
| 620.8919 | ||
| 620.8920 | ||
| 620.8921 | ||
| 620.8922 | ||
| 620.8923 | ||
| 620.9104 | Activities not constituting transacting business. | |
| 817.155 | Matters within jurisdiction of Department of State; false, fictitious, or fraudulent acts, statements, and representations prohibited; penalty; statute of limitations. |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
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