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Timestamp: 2018-10-19 12:05:53
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Matched Legal Cases: ['§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605', '§605']

Florida Bar Journal – Florida’s New Revised LLC Act, Part IV – The Florida Bar
March, 2014 Volume 88, No. 3
The plan must also contain other provisions required under the laws of the jurisdiction of formation and the “organic rules” of each merging entity (illustrating the need to assure that the plan satisfies the statutory enabling conditions for each party). The plan may also contain any other provisions not prohibited by law. These plan requirements (as well as the plan requirements for the other three organic transactions) are nonwaivable, meaning they cannot be varied by the operating agreement.29 The new definitions used in these rules are not as odd as they may seem at first, as the term “public organic record” simply means a record that is required to be filed with a governmental body, such as the DOS, to form an entity or to reflect an amendment to or restatement of that record, such as articles of incorporation, a certificate of limited partnership, articles of organization, or certificate of formation, and the like. “Private organic rules” simply mean the rules, whether or not in record, that govern the internal affairs of an entity and are not part of the public organic record of the entity, such as bylaws, partnership or limited partnership agreement, or an operating or limited liability company agreement. “Organic rules” are public and private organic rules taken together.
• Effect — The effect of a merger is described in a separate section.34 It provides that the surviving entity continues in existence, while the merged entities cease to exist (and the certificate of authority in Florida of a foreign merging entity is automatically cancelled). The property of each merging entity vests in the surviving entity without transfers, reversion, or impairment and rights (and the property of the surviving entity continues to be owned by the surviving entity). All debts, obligations, and other liabilities of each merging entity are debts, obligations, and other liabilities of the surviving entity, and except as otherwise provided by law or the plan of merger, all the rights, privileges, immunities, powers, and purposes of each merging entity vest in the surviving entity.
Section 605.1108 is the final section of the new act, and contains the effectiveness dates and certain grandfathering rules. The new act was generally effective January 1, and governs all Florida LLCs organized on or after that date. A Florida LLC formed in Florida before January 1 will continue to be subject to existing law, unless it elects to be governed by the new act earlier than 2015. In addition, all records filed on or after January 1 with the Department of State by a Florida or foreign LLC must comply with the filing requirements of the new act.55 On and after January 1, 2015, all LLCs are subject to the new act. The election by an LLC formed before January 1, to become subject to the new act before January 1, 2015, must be made in the manner provided in its operating agreement (or by law) for amending the operating agreement. With regard to LLCs in existence prior to January 1, 2014, this section also provides that 1) the company’s articles of organization are deemed to be its articles of organization under the new act, and 2) for purposes of classifying the LLC as a “manager-managed” LLC,56 the language in the company’s articles of organization designating the company’s management structure operates as if that language were in the operating agreement.
1	Fla. Stat. §605.0105(3).
2	Fla. Stat. §605.0902 .
3	Fla. Stat. §605.0905.
4	Fla. Stat. §605.0904.
5	Fla. Stat. §605.0903.
6	Fla. Stat. §605.0904.
7	Fla. Stat. §605.0907.
8	Fla. Stat. §605.0908.
9	Fla. Stat. §605.0910.
10	Fla. Stat. §605.0909.
11	Fla. Stat. §605.0913.
12	Fla. Stat. §§605.1001-605.1072.
13	Fla. Stat. §605.1061.
14	Fla. Stat. §605.0102.
15	Fla. Stat. §§605.0102(23)(a) and (b).
16	Fla. Stat. §§605.0102(27) and (28).
17	Fla. Stat. §§605.0102(29) and (31).
18	Fla. Stat. §605.0102(32).
19	Fla. Stat. §§605.0102(46) and (47).
20	Fla. Stat. §§605.0102(55) and (58).
21	Fla. Stat. §605.1061.
22	Fla. Stat. §§605.1001-605.1006.
23	Fla. Stat. §605.1001.
24	Fla. Stat. §605.1002.
25	Fla. Stat. §605.1004.
26	Fla. Stat. §605.1005.
27	Fla. Stat. §605.1006.
28	Fla. Stat. §§605.1061-605.1072.
29	Fla. Stat. §605.0105(3)(o).
30	Fla. Stat. §605.04073(4).
31	Fla. Stat. §605.04073(2)(b).
32	Fla. Stat. §605.1024.
33	Fla. Stat. §605.1025(1)(c).
34	Fla. Stat. §605.1026.
35	Fla. Stat. §605.1026(3).
36	Fla. Stat. §605.1031.
37	Fla. Stat. §605.1032.
38	Fla. Stat. §§605.1033 and 605.1034.
39	Fla. Stat. §605.1035.
40	Fla. Stat. §605.1036.
41	Fla. Stat. §605.1031(3).
43	Fla. Stat. §§605.1042-605.1044.
44	Fla. Stat. §605.1045.
45	Fla. Stat. §605.1046.
46	Fla. Stat. §605.1053.
47	Fla. Stat. §605.1054.
48	Fla. Stat. §605.1055.
49	Fla. Stat. §605.1056.
50	Fla. Stat. §605.1006 and Fla. Stat. §§605.1061-605.1072.
51	Fla. Stat. §605.1006(1).
52	Fla. Stat. §605.1006(2).
53	Fla. Stat. §605.1061.
54	Fla. Stat. §605.1006(4).
55	The new filing forms are on the SunBiz website. Florida Department of State, Division of Corporations, Forms, http://www.sunbiz.org/downloads.html.
56	Fla. Stat. §605.0102(39).
[Revised: 02-27-2014]