Iowa § 488.1102 Conversion

Iowa Statutes

§ 488.1102 — Conversion

Iowa § 488.1102

Title XIIBUSINESS ENTITIES

Ch. 488UNIFORM LIMITED PARTNERSHIP ACT

This text of Iowa § 488.1102 (Conversion) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 488.1102 (2026).

Text

1.An organization other than a limited partnership may convert to a limited partnership, and a limited partnership may convert to another organization pursuant to this section and sections 488.1103 through 488.1105 and a plan of conversion, if all of the following apply:

a.The other organization’s governing statute authorizes the conversion.

b.The conversion is not prohibited by the law of the jurisdiction that enacted the governing statute.

c.The other organization complies with its governing statute in effecting the conversion.

2.A plan of conversion must be in a record and must include all of the following:

a.The name and form of the organization before conversion.

b.The name and form of the organization after conversion.

c.The terms and conditions of the conversion, including t

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1. An organization other than a limited partnership may convert to a limited partnership,
and a limited partnership may convert to another organization pursuant to this section and
sections 488.1103 through 488.1105 and a plan of conversion, if all of the following apply:
a. The other organization’s governing statute authorizes the conversion.
b. The conversion is not prohibited by the law of the jurisdiction that enacted the
governing statute.
c. The other organization complies with its governing statute in effecting the conversion.
2. A plan of conversion must be in a record and must include all of the following:
a. The name and form of the organization before conversion.
b. The name and form of the organization after conversion.
c. The terms and conditions of the conversion, including the manner and basis for
converting interests in the converting organization into any combination of money, interests
in the converted organization, and other consideration.
d. The organizational documents of the converted organization.