Iowa § 490.931 Plan of conversion

Iowa Statutes

§ 490.931 — Plan of conversion

Iowa § 490.931

Title XIIBUSINESS ENTITIES

Ch. 490BUSINESS CORPORATIONS

This text of Iowa § 490.931 (Plan of 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 § 490.931 (2026).

Text

1.A domestic corporation may convert to a domestic or foreign eligible entity under this part by approving a plan of conversion. The plan of conversion must include all of the following:

a.The name of the converting corporation.

b.The name, jurisdiction of formation, and type of entity of the converted entity.

c.The manner and basis of converting the shares of the domestic corporation into eligible interestsorothersecurities, obligations, rightstoacquireeligibleinterestsorothersecurities, cash, other property, or any combination of the foregoing.

d.The other terms and conditions of the conversion.

e.The full text, as it will be in effect immediately after the conversion becomes effective, of the organic rules of the converted entity which are to be in writing.

2.In addition to the

Free access — add to your briefcase to read the full text and ask questions with AI

1. A domestic corporation may convert to a domestic or foreign eligible entity under
this part by approving a plan of conversion. The plan of conversion must include all of the
following:
a. The name of the converting corporation.
b. The name, jurisdiction of formation, and type of entity of the converted entity.
c. The manner and basis of converting the shares of the domestic corporation into eligible
interestsorothersecurities, obligations, rightstoacquireeligibleinterestsorothersecurities,
cash, other property, or any combination of the foregoing.
d. The other terms and conditions of the conversion.
e. The full text, as it will be in effect immediately after the conversion becomes effective,
of the organic rules of the converted entity which are to be in writing.

2. In addition to the requirements of subsection 1, a plan of conversion may contain any
other provision not prohibited by law.
3. The terms of a plan of conversion may be made dependent upon facts objectively
ascertainable outside the plan in accordance with section 490.120, subsection 11.