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Current as of January 01, 2024 | Updated by FindLaw Staff
1. A corporation's articles may be amended without board approval or approval by the members or approval required pursuant to section 504.1031 to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under the authority of law of the United States.
2. An individual or individuals designated by the court shall deliver to the secretary of state articles of amendment setting forth all of the following:
a. The name of the corporation.
b. The text of each amendment approved by the court.
c. The date of the court's order or decree approving the articles of amendment.
d. The title of the reorganization proceeding in which the order or decree was entered.
e. A statement that the court had jurisdiction of the proceeding under federal statute.
3. This section does not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan.
Cite this article: FindLaw.com - Iowa Code Title XII. Business Entities [Chs. 486-504C] § 504.1007. Amendment pursuant to judicial reorganization - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xii-business-entities-chs-486-504c/ia-code-sect-504-1007/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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