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Iowa Code Title XII. Business Entities [Chs. 486-504C] § 490.1509. Withdrawal upon dissolution or conversion to certain nonfiling entities

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

1. A registered foreign corporation that has dissolved and completed winding up or has converted to a domestic or foreign nonfiling entity other than a limited liability partnership shall deliver to the secretary of state for filing a statement of withdrawal. The statement must be signed by the dissolved corporation or the converted domestic or foreign nonfiling entity and state:

a. In the case of a foreign corporation that has completed winding up all of the following:

(1) Its name and jurisdiction of formation.

(2) That the foreign corporation withdraws its registration to do business in this state and revokes the authority of its registered agent to accept service on its behalf.

(3) An address to which process on the foreign corporation may be sent by the secretary of state under section 490.504, subsection 3.

b. In the case of a foreign corporation that has converted to a domestic or foreign nonfiling entity other than a limited liability partnership all of the following:

(1) The name of the converting foreign corporation and its jurisdiction of formation.

(2) The type of the nonfiling entity to which it has converted and its name and jurisdiction of formation.

(3) That it withdraws its registration to do business in this state and revokes the authority of its registered agent to accept service on its behalf.

(4) An address to which process on the foreign corporation may be sent by the secretary of state under section 490.504, subsection 3.

2. After the withdrawal of the registration of a foreign corporation, service of process in any proceeding based on a cause of action arising during the time the entity was registered to do business in this state may be made as provided in section 490.504.

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Cite this article: FindLaw.com - Iowa Code Title XII. Business Entities [Chs. 486-504C] § 490.1509. Withdrawal upon dissolution or conversion to certain nonfiling entities - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xii-business-entities-chs-486-504c/ia-code-sect-490-1509/

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