(1) “Constituent partnership” means a constituent organization that is a partnership governed by this act.
(2) “Constituent organization” means an organization that is party to a merger.
(3) “Converted organization” means the organization into which a converting organization converts pursuant to ss. 620.8912-620.8915.
(4) “Converting partnership” means a converting organization that is a partnership governed by this act.
(5) “Converting organization” means an organization that converts into another organization pursuant to s. 620.8912.
(6) “Governing law” of an organization means the law that governs the organization’s internal affairs.
(7) “Organization” means a corporation; general partnership, including a limited liability partnership; limited partnership, including a limited liability limited partnership; limited liability company; common law or business trust or association; real estate investment trust; or any other person organized under a governing law or other applicable law, provided such term shall not include an organization that is not organized for profit, unless the not-for-profit organization is the converted organization in a conversion or the surviving organization in a merger governed by this act. The term includes both domestic and foreign organizations.
(8) “Organizational documents” means:
(a) For a domestic or foreign general partnership, its partnership agreement.
(b) For a limited partnership or foreign limited partnership, its certificate of limited partnership and partnership agreement.
(c) For a domestic or foreign limited liability company, its articles of organization and operating agreement, or comparable records as provided in its governing law.
(d) For a business trust, its agreement of trust and declaration of trust.
(e) For a domestic or foreign corporation for profit, its articles of incorporation, bylaws, and other agreements among its shareholders which are authorized by its governing law, or comparable records as provided in its governing law.
(f) For any other organization, the basic records that create the organization and determine its internal governance and the relations among the persons that own it, have an interest in it, or are members of it.
(9) “Personal liability” means personal liability for a debt, liability, or other obligation of an organization which is imposed on a person that coowns, has an interest in, or is a member of the organization:
(a) By the organization’s governing law solely by reason of the person’s coowning, having an interest in, or being a member of the organization; or
(b) By the organization’s organizational documents under a provision of the organization’s governing law authorizing those documents to make one or more specified persons liable for all or specified debts, liabilities, and other obligations of the organization solely by reason of the person or persons’ coowning, having an interest in, or being a member of the organization.
(10) “Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
(11) “Surviving organization” means an organization into which one or more other organizations are merged. A surviving organization may preexist the merger or be created by the merger.
History.—s. 22, ch. 2005-267; s. 135, ch. 2007-5; s. 15, ch. 2008-187.
Structure Florida Statutes
Title XXXVI - Business Organizations
Chapter 620 - Partnership Laws
Part II - Revised Uniform Partnership Act (Ss. 620.81001-620.9902)
620.81001 - Uniformity of application and construction.
620.8102 - Knowledge and notice.
620.8103 - Effect of partnership agreement; nonwaivable provisions.
620.8104 - Supplemental principles of law.
620.8105 - Execution, filing, and recording of partnership registration and other statements.
620.81054 - Correcting a filed record.
620.81055 - Fees for filing documents and issuing certificates; powers of the Department of State.
620.8107 - Partnership subject to amendment or repeal of act.
620.8201 - Partnership as entity.
620.8202 - Formation of partnership.
620.8203 - Partnership property.
620.8204 - When property is partnership property.
620.8301 - Partner agent of partnership.
620.8302 - Transfer of partnership property.
620.8303 - Statement of partnership authority.
620.8304 - Statement of denial.
620.8305 - Partnership liable for partner’s actionable conduct.
620.8306 - Partner’s liability.
620.8307 - Actions by and against partnership and partners.
620.8308 - Liability of purported partner.
620.8401 - Partner’s rights and duties.
620.8402 - Distributions in kind.
620.8403 - Partner’s rights and duties with respect to information.
620.8404 - General standards of partner’s conduct.
620.8405 - Actions by partnership and partners.
620.8406 - Continuation of partnership beyond definite term or particular undertaking.
620.8501 - Partner not co-owner of partnership property.
620.8502 - Partner’s transferable interest in partnership.
620.8503 - Transfer of partner’s transferable interest.
620.8504 - Partner’s transferable interest subject to charging order.
620.8601 - Events causing partner’s dissociation.
620.8602 - Partner’s power to dissociate; wrongful dissociation.
620.8603 - Effect of partner’s dissociation.
620.8701 - Purchase of dissociated partner’s interest.
620.8702 - Dissociated partner’s power to bind and liability to partnership.
620.8703 - Dissociated partner’s liability to other persons.
620.8704 - Statement of dissociation.
620.8705 - Continued use of partnership name.
620.8801 - Events causing dissolution and winding up of partnership business.
620.8802 - Partnership continues after dissolution.
620.8803 - Right to wind up partnership business.
620.8804 - Partner’s power to bind partnership after dissolution.
620.8805 - Statement of dissolution.
620.8806 - Partner’s liability to other partners after dissolution.
620.8807 - Settlement of accounts and contributions among partners.
620.8913 - Action on plan of conversion by converting partnership.
620.8914 - Filings required for conversion; effective date.
620.8915 - Effect of conversion.
620.8917 - Action on plan of merger by constituent partnership.
620.8918 - Filings required for merger; effective date.
620.8921 - Liability of a partner after conversion or merger.
620.8923 - Application of other laws to provisions governing conversions and mergers.
620.9001 - Statement of qualification.
620.9101 - Law governing foreign limited liability partnership.
620.9102 - Statement of foreign qualification.
620.9103 - Effect of failure to qualify.
620.9104 - Activities not constituting transacting business.