Restriction on entity transaction involving protected series
Known as the Uniform Limited Liability Company Act
The act spans §§ 489–489 (188 sections).
2019 Acts, ch 26, §29, 41
A series limited liability company shall not be any of the following:
1. An acquiring, acquired, converting, converted, domesticating, or domesticated entity.
2. Except as otherwise provided in section 489.14604, a party to or the surviving company of a merger.
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.