Iowa Code Title XII. Business Entities [Chs. 486-504C] § 489.1207. Application to existing relationships

1. For purposes of applying this chapter to a limited liability company formed before the effective date of this Act, references in the limited liability company's operating agreement to provisions in this chapter in effect before the effective date of this Act are deemed to be references to the comparable provision in this chapter after the effective date of this Act.

2. A limited liability company that has published notice of its dissolution and requested persons having claims against the limited liability company to present them in accordance with the notice pursuant to section 489.703 as that section existed immediately prior to the effective date of this Act shall be subject to the requirements set forth in that section as it existed immediately prior to the effective date of this Act, including the right of a claim by a person that is commenced within five years after publication of the notice.

3. For the purposes of applying this chapter to a limited liability company formed before January 1, 2009, all of the following apply: