{"data":{"id":"us-fl/fla.-stat.-607.504","jurisdiction":"us-fl","citation":"Fla. Stat. § 607.504","heading":"Election of social purpose corporation status.","body":"(1) An existing corporation may become a social purpose corporation under this part by amending its articles of incorporation to include a statement that the corporation is a social purpose corporation under this part. The amendment must be adopted by the minimum status vote.\n(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 social purpose corporation is a party to the 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 social purpose corporation.\n(3) If an entity elects to become a social purpose 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.\nHistory.—s. 10, ch. 2014-209; s. 232, ch. 2019-90; s. 69, ch. 2020-32.","path":["CHAPTER 607 FLORIDA BUSINESS CORPORATION ACT"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0607/0607.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:10:21Z","sha256":"0353b3bc2d693c427fee9e143a48906669270091795b5720a2bab956339f652c","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-607.503","next":"us-fl/fla.-stat.-607.505"},"notice":"GroundRules: Original legal text. Not legal advice."}