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Iowa Code Title XII. Business Entities [Chs. 486-504C] § 489.1035. Statement of interest exchange--effective date of interest exchange

Current as of January 01, 2024 | Updated by Findlaw Staff

<[Text subject to final changes by the Iowa Code Editor for Code 2024.]>

1. A statement of interest exchange must be signed by a domestic acquired limited liability company and delivered to the secretary of state for filing.

2. A statement of interest exchange must contain all of the following:

a. The name of the acquired limited liability company.

b. The name, jurisdiction of formation, and type of entity of the acquiring entity.

c. A statement that the plan of interest exchange was approved by the acquired company in accordance with this part.

d. Any amendments to the acquired company's certificate of organization approved as part of the plan of interest exchange.

3. In addition to the requirements of subsection 2, a statement of interest exchange may contain any other provision not prohibited by law.

4. An interest exchange becomes effective when the statement of interest exchange is effective.

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Cite this article: FindLaw.com - Iowa Code Title XII. Business Entities [Chs. 486-504C] § 489.1035. Statement of interest exchange--effective date of interest exchange - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xii-business-entities-chs-486-504c/ia-code-sect-489-1035/

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