CS/CS/HB 685: Business Organizations
GENERAL BILL by Judiciary Committee ; Civil Justice Subcommittee ; Rooney ; Workman ; (CO-INTRODUCERS) Bracy ; Campbell ; Gibbons ; McBurney ; Rodriguez, J. ; Spano
Business Organizations; Provides additional exceptions regarding requirement that LLC names be distinguishable from names of other entities or filings; divides ch. 607, F.S., into parts with existing provisions assigned to part I entitled "General Provisions," & creates two new parts, part II entitled "Social Purpose Corporations," relating to corporations with corporate purpose to create public benefit, & part III entitled "Benefit Corporations," relating to corporations with corporate purpose to create public benefit; provides that certain amendments entitle shareholders to appraisal rights.
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Bill History
Date Chamber Action 1/21/2014 House • Filed
2/3/2014 House • Referred to Civil Justice Subcommittee; Economic Development and Tourism Subcommittee; Transportation and Economic Development Appropriations Subcommittee; Judiciary Committee -HJ 59
2/12/2014 House • On Committee agenda-- Civil Justice Subcommittee, 02/19/14, 8:00 am, Sumner Hall
2/19/2014 House • CS by Civil Justice Subcommittee; YEAS 10 NAYS 0 -HJ 160
2/25/2014 House • Pending review of CS under Rule 7.19(c)
3/4/2014 House • Introduced -HJ 59
• Original reference(s) removed: Transportation and Economic Development Appropriations Subcommittee
• CS referred to Economic Development and Tourism Subcommittee; Judiciary Committee -HJ 151
• Now in Economic Development and Tourism Subcommittee -HJ 151
• CS by Civil Justice Subcommittee read 1st time -HJ 147
3/21/2014 House • On Committee agenda-- Economic Development and Tourism Subcommittee, 03/25/14, 9:00 am, 12 HOB
3/25/2014 House • Favorable by Economic Development and Tourism Subcommittee; YEAS 11 NAYS 0 -HJ 345
• Now in Judiciary Committee -HJ 345
4/2/2014 House • On Committee agenda-- Judiciary Committee, 04/04/14, 9:30 am, Sumner Hall
4/4/2014 House • CS/CS by- Judiciary Committee; YEAS 14 NAYS 0 -HJ 476
4/7/2014 House • Pending review of CS -under Rule 7.19(c)
• CS/CS by Judiciary Committee read 1st time -HJ 471
4/9/2014 House • Placed on Calendar -HJ 502
4/21/2014 House • Placed on Special Order Calendar, 04/23/14
4/23/2014 House • Read 2nd time -HJ 617
• Read 3rd time -HJ 617
• CS passed; YEAS 113 NAYS 0 -HJ 618
4/23/2014 Senate • In Messages
• Referred to Commerce and Tourism; Judiciary; Rules -SJ 591
• Received -SJ 591
4/29/2014 Senate • Withdrawn from Commerce and Tourism; Judiciary; Rules -SJ 800
• Placed on Calendar, on 2nd reading -SJ 800
• Substituted for CS/CS/SB 654 -SJ 801
• Read 2nd time -SJ 800
• Read 3rd time -SJ 801
• CS passed; YEAS 38 NAYS 0 -SJ 801
4/29/2014 House • Ordered enrolled -HJ 876
6/13/2014 • Signed by Officers and presented to Governor
6/20/2014 • Approved by Governor
• Chapter No. 2014-209
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CS/CS/HB 685, Enrolled (Current Bill Version) Posted 4/30/2014 at 11:56 AM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 654 (c2) Business Organizations Clemens Identical Last Action: 4/29/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 685 (Ch. 2014-209) -SJ 801
Location: Laid on Table
Citations - Statutes (71)
Citation Catchline Location in Bill Location In Bill Help 48.091 Corporations; designation of registered agent and registered office. Page 48 (pdf) 215.555 Florida Hurricane Catastrophe Fund. Page 49 (pdf) 243.54 Powers of the authority. Page 53 (pdf) 310.171 Pilots may incorporate themselves. Page 53 (pdf) 310.181 Corporate powers. Page 53 (pdf) 329.10 Aircraft registration. Page 53 (pdf) 339.412 Powers of corporation. Page 54 (pdf) 420.101 Housing Development Corporation of Florida; creation, membership, and purposes. Page 56 (pdf) 420.111 Housing Development Corporation of Florida; additional powers. Page 56 (pdf) 420.161 Housing Development Corporation of Florida; period of existence; method of dissolution. Page 59 (pdf) 440.02 Definitions. Page 60 (pdf) 440.386 Individual self-insurers’ insolvency; conservation; liquidation. Page 60 (pdf) 605.0112 Name. Page 5 (pdf) 607.0101 Short title. Page 6 (pdf) 607.0401 Corporate name. Page 6 (pdf) 607.1302 Right of shareholders to appraisal. Page 8 (pdf) 607.501 Page 11 (pdf) 607.502 Page 11 (pdf) 607.503 Page 17 (pdf) 607.504 Page 17 (pdf) 607.505 Page 18 (pdf) 607.506 Page 19 (pdf) 607.507 Page 20 (pdf) 607.508 Page 21 (pdf) 607.509 Page 23 (pdf) 607.510 Page 24 (pdf) 607.511 Page 24 (pdf) 607.512 Page 25 (pdf) 607.513 Page 28 (pdf) 607.601 Page 29 (pdf) 607.602 Page 29 (pdf) 607.603 Page 35 (pdf) 607.604 Page 35 (pdf) 607.605 Page 35 (pdf) 607.606 Page 36 (pdf) 607.607 Page 37 (pdf) 607.608 Page 39 (pdf) 607.609 Page 40 (pdf) 607.610 Page 41 (pdf) 607.611 Page 42 (pdf) 607.612 Page 43 (pdf) 607.613 Page 45 (pdf) 609.08 Merger of association into wholly owned subsidiary corporation; dissenters’ rights of appraisal. Page 61 (pdf) 617.0401 Corporate name. Page 46 (pdf) 617.1908 Applicability of Florida Business Corporation Act. Page 62 (pdf) 618.221 Conversion into a corporation for profit. Page 62 (pdf) 619.04 Articles of incorporation. Page 63 (pdf) 620.1108 Name. Page 47 (pdf) 624.430 Withdrawal of insurer or discontinuance of writing certain kinds or lines of insurance. Page 65 (pdf) 624.462 Commercial self-insurance funds. Page 65 (pdf) 624.489 Liability of trustees of self-insurance trust fund and directors of self-insurance funds operating as corporations. Page 65 (pdf) 628.041 Applicability of general corporation statutes. Page 66 (pdf) 631.262 Transfers prior to petition. Page 66 (pdf) 636.204 License required. Page 66 (pdf) 641.2015 Incorporation required. Page 67 (pdf) 655.0201 Service of process, notice, or demand on financial institutions. Page 68 (pdf) 658.23 Submission of articles of incorporation; contents; form; approval; filing; commencement of corporate existence; bylaws. Page 68 (pdf) 658.2953 Interstate branching. Page 69 (pdf) 658.30 Application of the Florida Business Corporation Act. Page 70 (pdf) 658.36 Changes in capital. Page 70 (pdf) 663.03 Applicability of chapter 607. Page 72 (pdf) 663.04 Requirements for carrying on financial institution business. Page 72 (pdf) 663.301 Definitions. Page 73 (pdf) 663.306 Decision by office. Page 73 (pdf) 663.313 Ownership of stock. Page 74 (pdf) 718.111 The association. Page 74 (pdf) 719.104 Cooperatives; access to units; records; financial reports; assessments; purchase of leases. Page 74 (pdf) 720.302 Purposes, scope, and application. Page 75 (pdf) 720.306 Meetings of members; voting and election procedures; amendments. Page 75 (pdf) 766.101 Medical review committee, immunity from liability. Page 76 (pdf) 865.09 Fictitious name registration. Page 78 (pdf) -
CS/CS/HB 685, Committee Substitute 2 Posted 4/7/2014 at 3:44 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 654 (c2) Business Organizations Clemens Identical Last Action: 4/29/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 685 (Ch. 2014-209) -SJ 801
Location: Laid on Table
Floor Amendments (2)
Amendment Sponsor Filed Last Floor Action Format 206360 - Amendment
Between lines 104 and 105 insert:Flores 4/29/2014
9:37 AMSenate: Withdrawn
4/29/2014Web Page
PDF373495 - Amendment
Between lines 1238 and 1239, insert:Gaetz 4/20/2014
3:57 PMHouse: Withdrawn
4/23/2014PDF Floor Votes (2)
Date Chamber Result 4/23/2014 2:46 PM House 113 Yeas - 0 Nays 4/29/2014 2:25 PM Senate 38 Yeas - 0 Nays Citations - Statutes (71)
Citation Catchline Location in Bill Location In Bill Help 48.091 Corporations; designation of registered agent and registered office. Page 48 (pdf) 215.555 Florida Hurricane Catastrophe Fund. Page 49 (pdf) 243.54 Powers of the authority. Page 53 (pdf) 310.171 Pilots may incorporate themselves. Page 53 (pdf) 310.181 Corporate powers. Page 53 (pdf) 329.10 Aircraft registration. Page 53 (pdf) 339.412 Powers of corporation. Page 54 (pdf) 420.101 Housing Development Corporation of Florida; creation, membership, and purposes. Page 56 (pdf) 420.111 Housing Development Corporation of Florida; additional powers. Page 56 (pdf) 420.161 Housing Development Corporation of Florida; period of existence; method of dissolution. Page 59 (pdf) 440.02 Definitions. Page 60 (pdf) 440.386 Individual self-insurers’ insolvency; conservation; liquidation. Page 60 (pdf) 605.0112 Name. Page 5 (pdf) 607.0101 Short title. Page 6 (pdf) 607.0401 Corporate name. Page 6 (pdf) 607.1302 Right of shareholders to appraisal. Page 8 (pdf) 607.501 Page 11 (pdf) 607.502 Page 11 (pdf) 607.503 Page 17 (pdf) 607.504 Page 17 (pdf) 607.505 Page 18 (pdf) 607.506 Page 19 (pdf) 607.507 Page 20 (pdf) 607.508 Page 21 (pdf) 607.509 Page 23 (pdf) 607.510 Page 24 (pdf) 607.511 Page 24 (pdf) 607.512 Page 25 (pdf) 607.513 Page 28 (pdf) 607.601 Page 29 (pdf) 607.602 Page 29 (pdf) 607.603 Page 35 (pdf) 607.604 Page 35 (pdf) 607.605 Page 35 (pdf) 607.606 Page 36 (pdf) 607.607 Page 37 (pdf) 607.608 Page 39 (pdf) 607.609 Page 40 (pdf) 607.610 Page 41 (pdf) 607.611 Page 42 (pdf) 607.612 Page 43 (pdf) 607.613 Page 45 (pdf) 609.08 Merger of association into wholly owned subsidiary corporation; dissenters’ rights of appraisal. Page 61 (pdf) 617.0401 Corporate name. Page 46 (pdf) 617.1908 Applicability of Florida Business Corporation Act. Page 62 (pdf) 618.221 Conversion into a corporation for profit. Page 62 (pdf) 619.04 Articles of incorporation. Page 63 (pdf) 620.1108 Name. Page 47 (pdf) 624.430 Withdrawal of insurer or discontinuance of writing certain kinds or lines of insurance. Page 65 (pdf) 624.462 Commercial self-insurance funds. Page 65 (pdf) 624.489 Liability of trustees of self-insurance trust fund and directors of self-insurance funds operating as corporations. Page 65 (pdf) 628.041 Applicability of general corporation statutes. Page 66 (pdf) 631.262 Transfers prior to petition. Page 66 (pdf) 636.204 License required. Page 66 (pdf) 641.2015 Incorporation required. Page 67 (pdf) 655.0201 Service of process, notice, or demand on financial institutions. Page 68 (pdf) 658.23 Submission of articles of incorporation; contents; form; approval; filing; commencement of corporate existence; bylaws. Page 68 (pdf) 658.2953 Interstate branching. Page 69 (pdf) 658.30 Application of the Florida Business Corporation Act. Page 70 (pdf) 658.36 Changes in capital. Page 70 (pdf) 663.03 Applicability of chapter 607. Page 72 (pdf) 663.04 Requirements for carrying on financial institution business. Page 72 (pdf) 663.301 Definitions. Page 73 (pdf) 663.306 Decision by office. Page 73 (pdf) 663.313 Ownership of stock. Page 74 (pdf) 718.111 The association. Page 74 (pdf) 719.104 Cooperatives; access to units; records; financial reports; assessments; purchase of leases. Page 74 (pdf) 720.302 Purposes, scope, and application. Page 75 (pdf) 720.306 Meetings of members; voting and election procedures; amendments. Page 75 (pdf) 766.101 Medical review committee, immunity from liability. Page 76 (pdf) 865.09 Fictitious name registration. Page 78 (pdf) -
CS/HB 685, Committee Substitute 1 Posted 2/25/2014 at 11:52 AM
Bill Text: PDF Analyses: Economic Development and Tourism Subcommittee (Post-Meeting) 3/25/2014 (pdf)
Judiciary Committee (Post-Meeting) 4/7/2014 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 654 (c2) Business Organizations Clemens Similar Last Action: 4/29/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 685 (Ch. 2014-209) -SJ 801
Location: Laid on Table
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 297137 - Amendment
Remove lines 142-145 and insert:Rooney 4/3/2014
6:06 PMAdopted without Objection
4/4/2014PDF Citations - Statutes (71)
Citation Catchline Location in Bill Location In Bill Help 48.091 Corporations; designation of registered agent and registered office. Page 48 (pdf) 215.555 Florida Hurricane Catastrophe Fund. Page 49 (pdf) 243.54 Powers of the authority. Page 53 (pdf) 310.171 Pilots may incorporate themselves. Page 53 (pdf) 310.181 Corporate powers. Page 53 (pdf) 329.10 Aircraft registration. Page 53 (pdf) 339.412 Powers of corporation. Page 54 (pdf) 420.101 Housing Development Corporation of Florida; creation, membership, and purposes. Page 56 (pdf) 420.111 Housing Development Corporation of Florida; additional powers. Page 56 (pdf) 420.161 Housing Development Corporation of Florida; period of existence; method of dissolution. Page 59 (pdf) 440.02 Definitions. Page 60 (pdf) 440.386 Individual self-insurers’ insolvency; conservation; liquidation. Page 60 (pdf) 605.0112 Name. Page 5 (pdf) 607.0101 Short title. Page 6 (pdf) 607.0401 Corporate name. Page 6 (pdf) 607.1302 Right of shareholders to appraisal. Page 8 (pdf) 607.501 Page 11 (pdf) 607.502 Page 11 (pdf) 607.503 Page 17 (pdf) 607.504 Page 17 (pdf) 607.505 Page 18 (pdf) 607.506 Page 19 (pdf) 607.507 Page 20 (pdf) 607.508 Page 21 (pdf) 607.509 Page 23 (pdf) 607.510 Page 24 (pdf) 607.511 Page 24 (pdf) 607.512 Page 25 (pdf) 607.513 Page 28 (pdf) 607.601 Page 29 (pdf) 607.602 Page 29 (pdf) 607.603 Page 35 (pdf) 607.604 Page 35 (pdf) 607.605 Page 35 (pdf) 607.606 Page 36 (pdf) 607.607 Page 37 (pdf) 607.608 Page 39 (pdf) 607.609 Page 40 (pdf) 607.610 Page 41 (pdf) 607.611 Page 42 (pdf) 607.612 Page 43 (pdf) 607.613 Page 45 (pdf) 609.08 Merger of association into wholly owned subsidiary corporation; dissenters’ rights of appraisal. Page 61 (pdf) 617.0401 Corporate name. Page 46 (pdf) 617.1908 Applicability of Florida Business Corporation Act. Page 62 (pdf) 618.221 Conversion into a corporation for profit. Page 62 (pdf) 619.04 Articles of incorporation. Page 63 (pdf) 620.1108 Name. Page 47 (pdf) 624.430 Withdrawal of insurer or discontinuance of writing certain kinds or lines of insurance. Page 65 (pdf) 624.462 Commercial self-insurance funds. Page 65 (pdf) 624.489 Liability of trustees of self-insurance trust fund and directors of self-insurance funds operating as corporations. Page 65 (pdf) 628.041 Applicability of general corporation statutes. Page 66 (pdf) 631.262 Transfers prior to petition. Page 66 (pdf) 636.204 License required. Page 66 (pdf) 641.2015 Incorporation required. Page 67 (pdf) 655.0201 Service of process, notice, or demand on financial institutions. Page 68 (pdf) 658.23 Submission of articles of incorporation; contents; form; approval; filing; commencement of corporate existence; bylaws. Page 68 (pdf) 658.2953 Interstate branching. Page 69 (pdf) 658.30 Application of the Florida Business Corporation Act. Page 70 (pdf) 658.36 Changes in capital. Page 70 (pdf) 663.03 Applicability of chapter 607. Page 72 (pdf) 663.04 Requirements for carrying on financial institution business. Page 72 (pdf) 663.301 Definitions. Page 73 (pdf) 663.306 Decision by office. Page 73 (pdf) 663.313 Ownership of stock. Page 74 (pdf) 718.111 The association. Page 74 (pdf) 719.104 Cooperatives; access to units; records; financial reports; assessments; purchase of leases. Page 74 (pdf) 720.302 Purposes, scope, and application. Page 75 (pdf) 720.306 Meetings of members; voting and election procedures; amendments. Page 75 (pdf) 766.101 Medical review committee, immunity from liability. Page 76 (pdf) 865.09 Fictitious name registration. Page 78 (pdf) -
HB 685, Original Filed Version Posted 1/21/2014 at 11:17 AM
Bill Text: PDF Analyses: Civil Justice Subcommittee (Post-Meeting) 6/27/2014 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 654 (c1) Business Organizations Clemens Similar Last Action: 4/29/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 685 (Ch. 2014-209) -SJ 801
Location: Laid on Table
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 548371 - Strike All Amendment
Remove everything after the enacting clause and insert:Rooney 2/18/2014
6:52 PMAdopted without Objection
2/19/2014PDF Citations - Statutes (90)
Citation Catchline Location in Bill Location In Bill Help 48.091 Corporations; designation of registered agent and registered office. Page 45 (pdf) 215.555 Florida Hurricane Catastrophe Fund. Page 46 (pdf) 243.54 Powers of the authority. Page 50 (pdf) 310.171 Pilots may incorporate themselves. Page 50 (pdf) 310.181 Corporate powers. Page 50 (pdf) 329.10 Aircraft registration. Page 50 (pdf) 339.412 Powers of corporation. Page 51 (pdf) 420.101 Housing Development Corporation of Florida; creation, membership, and purposes. Page 52 (pdf) 420.111 Housing Development Corporation of Florida; additional powers. Page 52 (pdf) 420.161 Housing Development Corporation of Florida; period of existence; method of dissolution. Page 55 (pdf) 440.02 Definitions. Page 56 (pdf) 440.386 Individual self-insurers’ insolvency; conservation; liquidation. Page 56 (pdf) 605.0112 Name. Page 3 (pdf) 607.0101 Short title. Page 5 (pdf) 607.0141 Notice. Page 57 (pdf) 607.0204 Liability for preincorporation transactions. Page 57 (pdf) 607.0401 Corporate name. Page 5 (pdf) 607.0501 Registered office and registered agent. Page 58 (pdf) 607.0624 Share options. Page 58 (pdf) 607.0707 Record date. Page 59 (pdf) 607.0732 Shareholder agreements. Page 59 (pdf) 607.1108 Merger of domestic corporation and other business entity. Page 61 (pdf) 607.1109 Articles of merger. Page 62 (pdf) 607.1112 Conversion of domestic corporation into another business entity. Page 62 (pdf) 607.1113 Certificate of conversion. Page 63 (pdf) 607.1114 Effect of conversion of domestic corporation into another business entity. Page 64 (pdf) 607.1115 Conversion of another business entity to a domestic corporation. Page 65 (pdf) 607.1302 Right of shareholders to appraisal. Page 6 (pdf) 607.1320 Notice of appraisal rights. Page 66 (pdf) 607.1321 Notice of intent to demand payment. Page 66 (pdf) 607.1323 Perfection of rights; right to withdraw. Page 67 (pdf) 607.1331 Court costs and counsel fees. Page 67 (pdf) 607.1332 Disposition of acquired shares. Page 68 (pdf) 607.1407 Unknown claims against dissolved corporation. Page 68 (pdf) 607.1507 Registered office and registered agent of foreign corporation. Page 71 (pdf) 607.501 Page 10 (pdf) 607.502 Page 10 (pdf) 607.503 Page 16 (pdf) 607.504 Page 16 (pdf) 607.505 Page 17 (pdf) 607.506 Page 17 (pdf) 607.507 Page 18 (pdf) 607.508 Page 20 (pdf) 607.509 Page 21 (pdf) 607.510 Page 22 (pdf) 607.511 Page 22 (pdf) 607.512 Page 24 (pdf) 607.513 Page 26 (pdf) 607.601 Page 27 (pdf) 607.602 Page 27 (pdf) 607.603 Page 32 (pdf) 607.604 Page 33 (pdf) 607.605 Page 33 (pdf) 607.606 Page 34 (pdf) 607.607 Page 35 (pdf) 607.608 Page 37 (pdf) 607.609 Page 38 (pdf) 607.610 Page 39 (pdf) 607.611 Page 39 (pdf) 607.612 Page 40 (pdf) 607.613 Page 42 (pdf) 609.08 Merger of association into wholly owned subsidiary corporation; dissenters’ rights of appraisal. Page 72 (pdf) 617.0401 Corporate name. Page 43 (pdf) 617.1908 Applicability of Florida Business Corporation Act. Page 73 (pdf) 618.221 Conversion into a corporation for profit. Page 73 (pdf) 619.04 Articles of incorporation. Page 74 (pdf) 620.1108 Name. Page 44 (pdf) 624.430 Withdrawal of insurer or discontinuance of writing certain kinds or lines of insurance. Page 75 (pdf) 624.462 Commercial self-insurance funds. Page 76 (pdf) 624.489 Liability of trustees of self-insurance trust fund and directors of self-insurance funds operating as corporations. Page 76 (pdf) 628.041 Applicability of general corporation statutes. Page 77 (pdf) 631.262 Transfers prior to petition. Page 77 (pdf) 636.204 License required. Page 77 (pdf) 641.2015 Incorporation required. Page 78 (pdf) 655.0201 Service of process, notice, or demand on financial institutions. Page 78 (pdf) 658.23 Submission of articles of incorporation; contents; form; approval; filing; commencement of corporate existence; bylaws. Page 79 (pdf) 658.2953 Interstate branching. Page 80 (pdf) 658.30 Application of the Florida Business Corporation Act. Page 81 (pdf) 658.36 Changes in capital. Page 81 (pdf) 663.03 Applicability of chapter 607. Page 82 (pdf) 663.04 Requirements for carrying on financial institution business. Page 83 (pdf) 663.301 Definitions. Page 83 (pdf) 663.306 Decision by office. Page 84 (pdf) 663.313 Ownership of stock. Page 84 (pdf) 718.111 The association. Page 85 (pdf) 719.104 Cooperatives; access to units; records; financial reports; assessments; purchase of leases. Page 85 (pdf) 720.302 Purposes, scope, and application. Page 85 (pdf) 720.306 Meetings of members; voting and election procedures; amendments. Page 86 (pdf) 766.101 Medical review committee, immunity from liability. Page 87 (pdf) 865.09 Fictitious name registration. Page 89 (pdf)