Iowa Code 489.1035 – Statement of interest exchange — effective date of interest exchange
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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.
Terms Used In Iowa Code 489.1035
- Certificate of organization: means the certificate required by section 489. See Iowa Code 489.102
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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. 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.