Iowa Code 489.1007 – Action on plan of conversion by converting limited liability company
Current as of: 2023 | Check for updates
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1. Subject to section 489.1014, a plan of conversion must be consented to by all the members of a converting limited liability company.
Terms Used In Iowa Code 489.1007
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Iowa Code 489.102
2. Subject to section 489.1014 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the secretary of state for filing under section 489.1008, a converting limited liability company may amend the plan or abandon the conversion as follows:
a. As provided in the plan.
b. Except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.