Bill Text: IA SSB1113 | 2013-2014 | 85th General Assembly | Introduced


Bill Title: A study bill for an act relating to the establishment and management of business entities organized in this state or formed in a different state and authorized to do business in this state.

Spectrum: Unknown

Status: (N/A - Dead) 0000-00-00 - State Government: Danielson Chair,Courtney, and Smith, R.. [SSB1113 Detail]

Download: Iowa-2013-SSB1113-Introduced.html
Senate Study Bill 1113 - Introduced SENATE/HOUSE FILE _____ BY (PROPOSED SECRETARY OF STATE BILL) A BILL FOR An Act relating to the establishment and management of business 1 entities organized in this state or formed in a different 2 state and authorized to do business in this state. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1247DP (11) 85 da/nh
S.F. _____ H.F. _____ DIVISION I 1 STREET ADDRESS REQUIREMENTS FOR BUSINESS ENTITIES 2 Section 1. Section 486A.303, subsection 1, paragraph a, 3 subparagraph (3), Code 2013, is amended to read as follows: 4 (3) The names and mailing street addresses of all of 5 the partners or of an agent appointed and maintained by the 6 partnership for the purpose of subsection 2 . 7 Sec. 2. Section 486A.906, subsection 2, Code 2013, is 8 amended to read as follows: 9 2. The secretary of state of this state is the agent 10 for service of process in an action or proceeding against 11 a surviving foreign partnership or limited partnership to 12 enforce an obligation of a domestic partnership or limited 13 partnership that is a party to a merger. The surviving entity 14 shall promptly notify the secretary of state of the mailing 15 street address of its chief executive office and of any change 16 of street address. Upon receipt of process, the secretary of 17 state shall mail a copy of the process to the surviving foreign 18 partnership or limited partnership. 19 Sec. 3. Section 486A.1001, subsection 3, paragraph c, Code 20 2013, is amended to read as follows: 21 c. The street address of a registered office and the name 22 and street address of a registered agent for service of process 23 in this state, which the partnership is required to maintain as 24 provided in section 486A.1211 . 25 Sec. 4. Section 488.109, subsection 3, Code 2013, is amended 26 to read as follows: 27 3. A person that has reserved a name under this section 28 may deliver to the secretary of state for filing a notice of 29 transfer that states the reserved name, the name and street and 30 mailing address of some other person to which the reservation 31 is to be transferred, and the paragraph of subsection 1 which 32 applies to the other person. Subject to section 488.206, 33 subsection 3 , the transfer is effective when the secretary of 34 state files the notice of transfer. 35 -1- LSB 1247DP (11) 85 da/nh 1/ 70
S.F. _____ H.F. _____ Sec. 5. Section 488.111, subsection 1, Code 2013, is amended 1 to read as follows: 2 1. A current list showing the full name and last known 3 street and mailing address of each partner, separately 4 identifying the general partners, in alphabetical order, and 5 the limited partners, in alphabetical order. 6 Sec. 6. Section 488.115, subsection 1, Code 2013, is amended 7 to read as follows: 8 1. In order to change its designated office, agent for 9 service of process, or the street address of its agent for 10 service of process, a limited partnership or a foreign limited 11 partnership may deliver to the secretary of state for filing a 12 statement of change containing all of the following: 13 a. The name of the limited partnership or foreign limited 14 partnership. 15 b. The street and mailing address of its current designated 16 office. 17 c. If the current designated office is to be changed, the 18 street and mailing address of the new designated office. 19 d. The name and street and mailing address of its current 20 agent for service of process. 21 e. If the current agent for service of process or an street 22 address of the agent is to be changed, the new information. 23 Sec. 7. Section 488.116, subsection 2, Code 2013, is amended 24 to read as follows: 25 2. After receiving a statement of resignation, the 26 secretary of state shall file it and mail a copy to the 27 designated office of the limited partnership or foreign limited 28 partnership and another copy to the principal office if the 29 street address of the office appears in the records of the 30 secretary of state and is different from the street address of 31 the designated office. 32 Sec. 8. Section 488.117, subsection 2, Code 2013, is amended 33 to read as follows: 34 2. If a limited partnership or foreign limited partnership 35 -2- LSB 1247DP (11) 85 da/nh 2/ 70
S.F. _____ H.F. _____ does not appoint or maintain an agent for service of process 1 in this state or the agent for service of process cannot with 2 reasonable diligence be found at the agent’s street address, 3 the secretary of state is an agent of the limited partnership 4 or foreign limited partnership upon whom process, notice, or 5 demand may be served. 6 Sec. 9. Section 488.201, subsection 1, paragraphs b and c, 7 Code 2013, are amended to read as follows: 8 b. The street and mailing address of the initial designated 9 office and the name and street and mailing address of the 10 initial agent for service of process. 11 c. The name and the street and mailing address of each 12 general partner. 13 Sec. 10. Section 488.803, subsection 3, paragraph b, 14 subparagraph (3), Code 2013, is amended to read as follows: 15 (3) The street and mailing address of the person. 16 Sec. 11. Section 488.806, subsection 2, paragraph b, Code 17 2013, is amended to read as follows: 18 b. Provide a mailing street address to which the claim is 19 to be sent. 20 Sec. 12. Section 488.807, subsection 2, paragraph b, Code 21 2013, is amended to read as follows: 22 b. Describe the information required to be contained in a 23 claim and provide a mailing street address to which the claim 24 is to be sent. 25 Sec. 13. Section 488.902, subsection 1, paragraphs c 26 through e, Code 2013, are amended to read as follows: 27 c. The street and mailing address of the foreign limited 28 partnership’s principal office and, if the laws of the 29 jurisdiction under which the foreign limited partnership is 30 organized require the foreign limited partnership to maintain 31 an office in that jurisdiction, the street and mailing address 32 of the required office. 33 d. The name and street and mailing address of the foreign 34 limited partnership’s initial agent for service of process in 35 -3- LSB 1247DP (11) 85 da/nh 3/ 70
S.F. _____ H.F. _____ this state. 1 e. The name and street and mailing address of each of the 2 foreign limited partnership’s general partners. 3 Sec. 14. Section 488.906, subsection 1, paragraph d, Code 4 2013, is amended to read as follows: 5 d. Deliver for filing a statement of a change under section 6 488.115 within thirty days after a change has occurred in the 7 name or street address of the agent. 8 Sec. 15. Section 488.1104, subsection 1, paragraph a, 9 subparagraph (6), Code 2013, is amended to read as follows: 10 (6) If the converted organization is a foreign organization 11 not authorized to transact business in this state, the street 12 and mailing address of an office which the secretary of state 13 may use for the purposes of section 488.1105, subsection 3 . 14 Sec. 16. Section 488.1108, subsection 2, paragraph g, Code 15 2013, is amended to read as follows: 16 g. If the surviving organization is a foreign organization 17 not authorized to transact business in this state, the street 18 and mailing address of an office which the secretary of state 19 may use for the purposes of section 488.1109, subsection 2 . 20 Sec. 17. Section 489.109, Code 2013, is amended to read as 21 follows: 22 489.109 Reservation of name. 23 1. A person may reserve the exclusive use of the name of a 24 limited liability company, including a fictitious or assumed 25 name for a foreign limited liability company whose name is 26 not available, by delivering an application to the secretary 27 of state for filing. The application must state the name 28 and street address of the applicant and the name proposed 29 to be reserved. If the secretary of state finds that the 30 name applied for is available, it must be reserved for the 31 applicant’s exclusive use for a one-hundred-twenty-day period. 32 2. The owner of a name reserved for a limited liability 33 company may transfer the reservation to another person by 34 delivering to the secretary of state for filing a signed notice 35 -4- LSB 1247DP (11) 85 da/nh 4/ 70
S.F. _____ H.F. _____ of the transfer which states the name and street address of the 1 transferee. 2 Sec. 18. Section 489.114, subsection 1, paragraph b, Code 3 2013, is amended to read as follows: 4 b. If the current registered office is to be changed, the 5 street and mailing addresses of the new registered office. 6 Sec. 19. Section 489.114, subsection 3, Code 2013, is 7 amended to read as follows: 8 3. If a registered agent changes the registered agent’s 9 business address to another place, the registered agent 10 may change the business address and the street address of 11 the registered agent by filing a statement as required by 12 subsection 2 for each limited liability company or foreign 13 limited liability company, or a single statement of all limited 14 liability companies or all foreign limited liability companies 15 named in the notice, except that it need be signed only by the 16 registered agent and need not be responsive to subsection 1 , 17 paragraph “c” , and must recite that a copy of the statement 18 has been mailed to each limited liability company or foreign 19 limited liability company named in the notice. 20 Sec. 20. Section 489.702, subsection 4, paragraph b, 21 subparagraph (3), Code 2013, is amended to read as follows: 22 (3) Provide the street and mailing addresses address of the 23 person. 24 Sec. 21. Section 489.703, subsection 2, paragraph b, Code 25 2013, is amended to read as follows: 26 b. Provide a mailing street address to which the claim is 27 to be sent. 28 Sec. 22. Section 489.704, subsection 2, paragraph b, Code 29 2013, is amended to read as follows: 30 b. Describe the information required to be contained in a 31 claim and provide a mailing street address to which the claim 32 is to be sent. 33 Sec. 23. Section 489.802, subsection 1, paragraph c, Code 34 2013, is amended to read as follows: 35 -5- LSB 1247DP (11) 85 da/nh 5/ 70
S.F. _____ H.F. _____ c. The street and mailing addresses address of the company’s 1 principal office and, if the law of the jurisdiction under 2 which the company is formed requires the company to maintain an 3 office in that jurisdiction, the street and mailing addresses 4 address of the required office. 5 Sec. 24. Section 489.806, subsection 1, paragraph d, Code 6 2013, is amended to read as follows: 7 d. Deliver for filing a statement of a change under section 8 489.114 within thirty days after a change has occurred in the 9 name of its registered agent or the street address of its 10 registered office. 11 Sec. 25. Section 489.807, subsection 1, paragraphs c and d, 12 Code 2013, are amended to read as follows: 13 c. A mailing street address to which the secretary of state 14 may mail a copy of any process served on the secretary of state 15 under paragraph “b” . 16 d. A commitment to notify the secretary of state in the 17 future of any change in the mailing street address of the 18 foreign limited liability company. 19 Sec. 26. Section 489.1004, subsection 2, paragraph g, Code 20 2013, is amended to read as follows: 21 g. If the surviving organization is a foreign organization 22 not authorized to transact business in this state, the street 23 and mailing addresses address of an office that the secretary 24 of state may use for the purposes of section 489.1005, 25 subsection 2 . 26 Sec. 27. Section 489.1008, subsection 1, paragraph a, 27 subparagraph (7), Code 2013, is amended to read as follows: 28 (7) If the converted organization is a foreign organization 29 not authorized to transact business in this state, the street 30 and mailing addresses address of an office which the secretary 31 of state may use for the purposes of section 489.1009, 32 subsection 3 . 33 Sec. 28. Section 489.1012, subsection 1, paragraph g, Code 34 2013, is amended to read as follows: 35 -6- LSB 1247DP (11) 85 da/nh 6/ 70
S.F. _____ H.F. _____ g. If the domesticated company was a foreign limited 1 liability company not authorized to transact business in this 2 state, the street and mailing addresses address of an office 3 that the secretary of state may use for the purposes of section 4 489.1013, subsection 2 . 5 Sec. 29. Section 490.120, subsection 12, paragraph d, 6 subparagraph (1), Code 2013, is amended to read as follows: 7 (1) The name and street address of any person required in 8 a filed document. 9 Sec. 30. Section 490.141, subsection 3, paragraph a, Code 10 2013, is amended to read as follows: 11 a. Upon deposit in the United States mail, if mailed 12 postpaid and correctly addressed to the shareholder’s 13 street address shown in the corporation’s current record of 14 shareholders. 15 Sec. 31. Section 490.202, subsection 1, paragraph d, Code 16 2013, is amended to read as follows: 17 d. The name and street address of each incorporator. 18 Sec. 32. Section 490.202, subsection 2, paragraph a, Code 19 2013, is amended to read as follows: 20 a. The names and street addresses of the individuals who are 21 to serve as the initial directors. 22 Sec. 33. Section 490.402, Code 2013, is amended to read as 23 follows: 24 490.402 Reserved name. 25 1. A person may reserve the exclusive use of a corporate 26 name, including a fictitious name for a foreign corporation 27 whose corporate name is not available, by delivering an 28 application to the secretary of state for filing. The 29 application must set forth the name and street address of 30 the applicant and the name proposed to be reserved. If the 31 secretary of state finds that the corporate name applied for is 32 available, the secretary of state shall reserve the name for 33 the applicant’s exclusive use for a nonrenewable one hundred 34 twenty day period. 35 -7- LSB 1247DP (11) 85 da/nh 7/ 70
S.F. _____ H.F. _____ 2. The owner of a reserved corporate name may transfer the 1 reservation to another person by delivering to the secretary of 2 state a signed notice of the transfer that states the name and 3 street address of the transferee. 4 Sec. 34. Section 490.502, subsection 3, Code 2013, is 5 amended to read as follows: 6 3. If a registered agent changes the registered agent’s 7 business address to another place, the registered agent 8 may change the business address and the street address of 9 the registered agent by filing a statement as required in 10 subsection 2 for each corporation, or a single statement for 11 all corporations named in the notice, except that it need be 12 signed only by the registered agent and need not be responsive 13 to subsection 1 , paragraph “c” , and must recite that a copy of 14 the statement has been mailed to each corporation named in the 15 notice. 16 Sec. 35. Section 490.720, subsection 1, Code 2013, is 17 amended to read as follows: 18 1. After fixing a record date for a meeting, a corporation 19 shall prepare an alphabetical list of the names of all its 20 shareholders who are entitled to notice of a shareholders’ 21 meeting. The list must be arranged by voting group and 22 within each voting group by class or series of shares, and 23 show the street address of and number of shares held by each 24 shareholder. 25 Sec. 36. Section 490.730, subsection 1, Code 2013, is 26 amended to read as follows: 27 1. One or more shareholders may create a voting trust, 28 conferring on a trustee the right to vote or otherwise act for 29 them, by signing an agreement setting out the provisions of the 30 trust, which may include anything consistent with its purpose, 31 and transferring their shares to the trustee. When a voting 32 trust agreement is signed, the trustee shall prepare a list 33 of the names and street addresses of all owners of beneficial 34 interests in the trust, together with the number and class of 35 -8- LSB 1247DP (11) 85 da/nh 8/ 70
S.F. _____ H.F. _____ shares each transferred to the trust, and deliver copies of the 1 list and agreement to the corporation’s principal office. 2 Sec. 37. Section 490.1005, subsections 2 and 3, Code 2013, 3 are amended to read as follows: 4 2. To delete the names and street addresses of the initial 5 directors. 6 3. To delete the name and street address of the initial 7 registered agent or registered office, if a statement of change 8 is on file with the secretary of state. 9 Sec. 38. Section 490.1113, subsection 1, paragraph a, 10 subparagraph (6), Code 2013, is amended to read as follows: 11 (6) If the converted entity is a foreign other entity not 12 authorized to transact business in this state, the street and 13 mailing address of an office which the secretary of state may 14 use for the purposes of section 490.1114, subsection 3 . 15 Sec. 39. Section 490.1303, subsection 1, Code 2013, is 16 amended to read as follows: 17 1. A record shareholder may assert appraisal rights 18 as to fewer than all the shares registered in the record 19 shareholder’s name but owned by a beneficial shareholder only 20 if the record shareholder objects with respect to all shares 21 of the class or series owned by the beneficial shareholder 22 and notifies the corporation in writing of the name and 23 street address of each beneficial shareholder on whose behalf 24 appraisal rights are being asserted. The rights of a record 25 shareholder who asserts appraisal rights for only part of 26 the shares held of record in the record shareholder’s name 27 under this subsection shall be determined as if the shares 28 as to which the record shareholder objects and the record 29 shareholder’s other shares were registered in the names of 30 different record shareholders. 31 Sec. 40. Section 490.1406, subsection 2, paragraph b, Code 32 2013, is amended to read as follows: 33 b. Provide a mailing street address where a claim may be 34 sent. 35 -9- LSB 1247DP (11) 85 da/nh 9/ 70
S.F. _____ H.F. _____ Sec. 41. Section 490.1407, subsection 2, paragraph b, Code 1 2013, is amended to read as follows: 2 b. Describe the information that must be included in a claim 3 and provide a mailing street address where the claim may be 4 sent. 5 Sec. 42. Section 490.1503, subsection 1, paragraphs e and f, 6 Code 2013, are amended to read as follows: 7 e. The street address of its registered office in this state 8 and the name of its registered agent at that office. 9 f. The names and usual business street addresses of its 10 current directors and officers. 11 Sec. 43. Section 490.1520, subsection 2, paragraph d, Code 12 2013, is amended to read as follows: 13 d. A mailing street address to which the secretary of state 14 may mail a copy of any process served on the secretary of state 15 under paragraph “c” . 16 Sec. 44. Section 490.1520, subsection 3, Code 2013, is 17 amended to read as follows: 18 3. After the withdrawal of the corporation is effective, 19 service of process on the secretary of state under this 20 section is service on the foreign corporation. Upon receipt 21 of process, the secretary of state shall mail a copy of the 22 process to the foreign corporation at the mailing street 23 address set forth under subsection 2 . 24 Sec. 45. Section 490.1531, subsection 4, Code 2013, is 25 amended to read as follows: 26 4. The secretary of state’s revocation of a foreign 27 corporation’s certificate of authority appoints the secretary 28 of state the foreign corporation’s agent for service of process 29 in any proceeding based on a cause of action which arose 30 during the time the foreign corporation was authorized to 31 transact business in this state. Service of process on the 32 secretary of state under this subsection is service on the 33 foreign corporation. Upon receipt of process, the secretary 34 of state shall mail a copy of the process to the secretary of 35 -10- LSB 1247DP (11) 85 da/nh 10/ 70
S.F. _____ H.F. _____ the foreign corporation at its principal office shown in its 1 most recent biennial report or in any subsequent communication 2 received from the corporation stating the current mailing 3 street address of its principal office, or, if none is on file, 4 in its application for a certificate of authority. 5 Sec. 46. Section 490.1601, subsection 3, Code 2013, is 6 amended to read as follows: 7 3. A corporation or its agent shall maintain a record 8 of its shareholders in a form that permits preparation of a 9 list of the names and street addresses of all shareholders in 10 alphabetical order by class of shares showing the number and 11 class of shares held by each. 12 Sec. 47. Section 490.1601, subsection 5, paragraph f, Code 13 2013, is amended to read as follows: 14 f. A list of the names and business street addresses of its 15 current directors and officers. 16 Sec. 48. Section 490.1606, subsection 1, paragraphs a and b, 17 Code 2013, are amended to read as follows: 18 a. Notice of two consecutive annual meetings, and all 19 notices of meetings during the period between such two 20 consecutive annual meetings, have been sent to such shareholder 21 at such shareholder’s street address as shown on the records of 22 the corporation and have been returned undeliverable. 23 b. All, but not less than two, payments of dividends on 24 securities during a twelve-month period, or two consecutive 25 payments of dividends on securities during a period of more 26 than twelve months, have been sent to such shareholder at such 27 shareholder’s street address as shown on the records of the 28 corporation and have been returned undeliverable. 29 Sec. 49. Section 490.1606, subsection 2, Code 2013, is 30 amended to read as follows: 31 2. If any such shareholder shall deliver to the corporation 32 a written notice setting forth such shareholder’s then-current 33 street address, the requirement that notice be given to such 34 shareholder shall be reinstated. 35 -11- LSB 1247DP (11) 85 da/nh 11/ 70
S.F. _____ H.F. _____ Sec. 50. Section 490.1701, subsection 3, paragraph a, Code 1 2013, is amended to read as follows: 2 a. The corporation shall amend or restate its articles of 3 incorporation to indicate that the corporation adopts this 4 chapter and to designate the street address of its initial 5 registered office and the name of its registered agent at that 6 office and, if the name of the corporation is not in compliance 7 with the requirements of this chapter , to change the name of 8 the corporation to one complying with the requirements of this 9 chapter . 10 Sec. 51. Section 499.27, Code 2013, is amended to read as 11 follows: 12 499.27 Meetings. 13 1. Regular meetings of members shall be held at least once 14 each year, the first of which shall be on the date specified 15 in its articles. Unless otherwise provided in the articles or 16 bylaws, subsequent meetings shall be on the same date in each 17 succeeding year. 18 2. Unless otherwise provided in the articles, the directors 19 may call special meetings of members, and must do so upon 20 written demand of twenty percent of the members. 21 3. Unless the member waives it in writing, each member 22 shall have ten days’ written notice of the time and place 23 of all meetings, and of the purpose of all special meetings. 24 Such notice shall be given to the member in person or 25 by mail directed to the member’s street address as shown 26 on the books of the association, or if the articles so 27 provide, by publication in a regular publication of general 28 circulation among its members, or a newspaper of general 29 circulation published at the principal place of business of the 30 association. 31 Sec. 52. Section 499.30A, subsection 4, paragraph a, Code 32 2013, is amended to read as follows: 33 a. The name and street address of the cooperative 34 association. 35 -12- LSB 1247DP (11) 85 da/nh 12/ 70
S.F. _____ H.F. _____ Sec. 53. Section 499.40, subsections 1 and 4, Code 2013, are 1 amended to read as follows: 2 1. The name of the association, which must include the word 3 “cooperative”; and the street address of its principal office. 4 4. The name, occupation , and post office street address of 5 each incorporator. 6 Sec. 54. Section 499.73, subsection 3, Code 2013, is amended 7 to read as follows: 8 3. If a registered agent changes the registered agent’s 9 business address to another place, the registered agent 10 may change the business address and the street address of 11 the registered agent by filing a statement as required in 12 subsection 2 for each association, or a single statement for 13 all associations named in the notice, except that it need be 14 signed only by the registered agent or agents and need not be 15 responsive to subsection 1 , paragraph “e” , and must recite that 16 a copy of the statement has been mailed to each association 17 named in the notice. 18 Sec. 55. Section 499A.3B, Code 2013, is amended to read as 19 follows: 20 499A.3B Notice of members meetings. 21 Unless the articles of incorporation or the bylaws otherwise 22 provide, written notice stating the place, day, and hour of the 23 meeting and, in the case of a special meeting, the purpose or 24 purposes for which the meeting is called, shall be delivered no 25 less than ten nor more than fifty days before the date of the 26 meeting, either personally or by mail, by or at the direction 27 of the president, the secretary, or the officer or persons 28 calling the meeting, to each member entitled to vote at the 29 meeting. If mailed, notice is deemed to be delivered when 30 deposited in the United States mail addressed to the member at 31 the member’s street address as it appears on the records of the 32 cooperative, with postage prepaid. 33 Sec. 56. Section 499A.9, Code 2013, is amended to read as 34 follows: 35 -13- LSB 1247DP (11) 85 da/nh 13/ 70
S.F. _____ H.F. _____ 499A.9 Amendments of articles. 1 Any cooperative organized under this chapter may change its 2 name or amend its articles of incorporation by a vote of a 3 majority of the members, in such manner as may be provided in 4 its articles; but if no such provision is made in the articles 5 the same may be amended at any regular meeting or special 6 meeting called for that purpose by the president or secretary 7 or a majority of the board of directors. Notice of any meeting 8 at which it is proposed to amend the articles of incorporation, 9 shall be given by mailing to each member at the member’s last 10 known post office street address at least ten days prior to 11 such meeting, a notice signed by the secretary setting forth 12 the proposed amendments in substance, or by two publications 13 of said notice in some daily or weekly newspaper in general 14 circulation in the county wherein said cooperative has its 15 principal place of business. The last publication of said 16 notice shall be not less than ten days prior to the date of said 17 meeting. There shall be paid to the secretary of state at the 18 time of the filing of such change or amendment a recording fee 19 of fifty cents per page. 20 Sec. 57. Section 499A.22, subsection 2, Code 2013, is 21 amended to read as follows: 22 2. The cooperative, upon a member’s nonpayment of carrying 23 charges and assessments and the cooperative’s compliance with 24 this section , may sell the defaulting member’s cooperative 25 interest. Sale may be at a public sale or by private 26 negotiation, and at any time and place, but every aspect of the 27 sale, including the method, advertising, time, place, and terms 28 must be reasonable. The cooperative shall give to the member 29 and any sublessees of the member reasonable written notice of 30 the time and place of a public sale or, if a private sale is 31 intended, of the intention of entering into a contract to sell 32 and of the time after which a private disposition may be made. 33 The same notice shall also be sent to any other person who has 34 a recorded interest in the defaulting member’s cooperative 35 -14- LSB 1247DP (11) 85 da/nh 14/ 70
S.F. _____ H.F. _____ interest which would be extinguished by the sale. The notices 1 required by this subsection may be sent to any street address 2 reasonable under the circumstances. Sale may not be held until 3 five weeks after the sending of the notice. The cooperative 4 may buy at a public sale, and, if the sale is conducted by a 5 fiduciary or other person not related to the cooperative, at a 6 private sale. 7 Sec. 58. Section 501.103, subsection 3, paragraph a, Code 8 2013, is amended to read as follows: 9 a. The cooperative’s name and street address. 10 Sec. 59. Section 501.106, subsection 3, paragraph b, Code 11 2013, is amended to read as follows: 12 b. If a registered agent changes the registered agent’s 13 business address to another place, the registered agent may 14 change the business address and the street address of the 15 registered agent by filing a statement as required in paragraph 16 “a” for each cooperative, or a single statement for all 17 cooperatives named in the notice, except that it need be signed 18 only by the registered agent or agents or be responsive to 19 subsection 2 , paragraph “e” . The statement must recite that a 20 copy of the statement has been mailed to each cooperative named 21 in the notice. 22 Sec. 60. Section 501.202, subsection 1, paragraphs a and b, 23 Code 2013, are amended to read as follows: 24 a. The name, street address, and occupation of each 25 organizer. 26 b. The names and street addresses of the initial directors. 27 Sec. 61. Section 501.302, subsection 3, Code 2013, is 28 amended to read as follows: 29 3. A cooperative shall give each member at least ten 30 days’ advance notice of the time, place, and the issues to be 31 considered at each member meeting. This notice may be given 32 in person or by mail to the last known street address of the 33 member, or the notice requirement may be met by the member 34 waiving the notice. 35 -15- LSB 1247DP (11) 85 da/nh 15/ 70
S.F. _____ H.F. _____ Sec. 62. Section 501.304, subsection 1, Code 2013, is 1 amended to read as follows: 2 1. Within ten days from receiving a demand of a member, the 3 cooperative shall produce and furnish the member with the names 4 and street addresses of all members of the cooperative. 5 Sec. 63. Section 501.701, subsection 3, Code 2013, is 6 amended to read as follows: 7 3. A cooperative or its agent shall maintain a record of its 8 interest holders in a form that permits preparation of a list 9 of the names and street addresses of all interest holders in 10 alphabetical order by class of interests showing the number and 11 class of interests held by each. 12 Sec. 64. Section 501.701, subsection 5, paragraph f, Code 13 2013, is amended to read as follows: 14 f. A list of the names and business street addresses of its 15 current directors and officers. 16 Sec. 65. Section 501.713, subsection 1, paragraphs b 17 through d, Code 2013, are amended to read as follows: 18 b. The street address of its registered office and the name 19 of its registered agent at that office in this state, together 20 with the consent of any new registered agent. 21 c. The street address of its principal office. 22 d. The names and street addresses of the president, 23 secretary, treasurer, and one member of the board of directors. 24 Sec. 66. Section 501.807, subsection 2, paragraph b, Code 25 2013, is amended to read as follows: 26 b. Provide a mailing street address where a claim may be 27 sent. 28 Sec. 67. Section 501.808, subsection 2, paragraph b, Code 29 2013, is amended to read as follows: 30 b. Describe the information that must be included in a claim 31 and provide a mailing street address where the claim may be 32 sent. 33 Sec. 68. Section 501A.102, subsection 1, Code 2013, is 34 amended to read as follows: 35 -16- LSB 1247DP (11) 85 da/nh 16/ 70
S.F. _____ H.F. _____ 1. “Address” means mailing street address, including a zip 1 code. In the case of a registered address, the term means the 2 mailing address and the actual office location, which shall not 3 be a post office box. 4 Sec. 69. Section 501A.222, subsection 1, paragraphs d and e, 5 Code 2013, are amended to read as follows: 6 d. A mailing An address to which the secretary may mail a 7 copy of any process served on the secretary under paragraph “c” . 8 e. A commitment to notify the secretary in the future of any 9 change in the mailing address of the foreign cooperative. 10 Sec. 70. Section 501A.803, subsection 5, paragraph a, Code 11 2013, is amended to read as follows: 12 a. The cooperative shall give notice of regular members’ 13 meetings by mailing the regular members’ meeting notice to 14 each member at the members’ last known post office address or 15 by other notification approved by the board and agreed to by 16 the members. The regular members’ meeting notice shall be 17 published or otherwise given by approved method at least two 18 weeks before the date of the meeting or mailed at least fifteen 19 days before the date of the meeting. 20 Sec. 71. Section 501A.804, subsection 2, Code 2013, is 21 amended to read as follows: 22 2. Notice. The cooperative shall give notice of a special 23 members’ meeting by mailing the special members’ meeting notice 24 to each member personally at the person’s last known post 25 office address, or by another process determined by the board 26 if the member is to vote by an alternative voting method as 27 approved by the board and agreed to by the member individually 28 or the members generally. For a member that is an entity, the 29 notice mailed, or delivered by another process for vote by 30 an alternative voting method, shall be to an officer of the 31 entity. The special members’ meeting notice shall state the 32 time, place, and purpose of the special members’ meeting. The 33 special members’ meeting notice shall be issued within ten 34 days from and after the date of the presentation of a members’ 35 -17- LSB 1247DP (11) 85 da/nh 17/ 70
S.F. _____ H.F. _____ petition, and the special members’ meeting shall be held within 1 thirty days after the date of the presentation of the members’ 2 petition. 3 Sec. 72. Section 501A.1206, Code 2013, is amended to read 4 as follows: 5 501A.1206 Application for court-supervised voluntary 6 dissolution. 7 After a notice of intent to dissolve has been filed with 8 the secretary and before a certificate of dissolution has been 9 issued, the cooperative or, for good cause shown, a member 10 or creditor may apply to a court within the county where the 11 registered street address is located to have the dissolution 12 conducted or continued under the supervision of the court. 13 Sec. 73. Section 501A.1207, subsection 5, Code 2013, is 14 amended to read as follows: 15 5. Venue. Proceedings under this section shall be brought 16 in a court within the county where the registered street 17 address of the cooperative is located. 18 Sec. 74. Section 501B.7, subsection 3, paragraph b, Code 19 2013, is amended to read as follows: 20 b. The address in this state, including the street address , 21 if any, of the association or, if the association does not have 22 an address in this state, its out-of-state address. 23 Sec. 75. Section 501B.11, subsection 2, paragraph b, Code 24 2013, is amended to read as follows: 25 b. The name of the person in this state authorized to 26 receive service of process and the person’s address, including 27 the street address , in this state. 28 Sec. 76. Section 504.142, subsection 4, paragraph a, Code 29 2013, is amended to read as follows: 30 a. Upon deposit in the United States mail, if mailed 31 postpaid and correctly addressed to the member’s street address 32 shown in the corporation’s current record of members. 33 Sec. 77. Section 504.142, subsections 6 through 8, Code 34 2013, are amended to read as follows: 35 -18- LSB 1247DP (11) 85 da/nh 18/ 70
S.F. _____ H.F. _____ 6. Written notice is correctly addressed to a member of a 1 domestic or foreign corporation if addressed to the member’s 2 street address shown in the corporation’s current list of 3 members. 4 7. A written notice or report delivered as part of a 5 newsletter, magazine, or other publication regularly sent 6 to members shall constitute a written notice or report if 7 addressed or delivered to the member’s street address shown in 8 the corporation’s current list of members, or in the case of 9 members who are residents of the same household and who have 10 the same street address in the corporation’s current list of 11 members, if addressed or delivered to one of such members, at 12 the street address appearing on the current list of members. 13 8. Written notice is correctly addressed to a domestic or 14 foreign corporation authorized to transact business in this 15 state, other than in its capacity as a member, if addressed to 16 its registered agent or to its secretary at the street address 17 of its principal office shown in its most recent biennial 18 report or, in the case of a foreign corporation that has not 19 yet delivered a biennial report, in its application for a 20 certificate of authority. 21 Sec. 78. Section 504.202, subsection 1, paragraphs b and c, 22 Code 2013, are amended to read as follows: 23 b. The street address of the corporation’s initial 24 registered office and the name of its initial registered agent 25 at that office. 26 c. The name and street address of each incorporator. 27 Sec. 79. Section 504.202, subsection 2, paragraph b, Code 28 2013, is amended to read as follows: 29 b. The names and street addresses of the individuals who are 30 to serve as the initial directors. 31 Sec. 80. Section 504.402, subsection 2, Code 2013, is 32 amended to read as follows: 33 2. The owner of a reserved corporate name may transfer the 34 reservation to another person by delivering to the secretary of 35 -19- LSB 1247DP (11) 85 da/nh 19/ 70
S.F. _____ H.F. _____ state a signed notice of the transfer that states the name and 1 street address of the transferee. 2 Sec. 81. Section 504.501, subsection 1, Code 2013, is 3 amended to read as follows: 4 1. A registered office with the same street address as that 5 of the registered agent. 6 Sec. 82. Section 504.502, subsection 1, paragraphs b and d, 7 Code 2013, are amended to read as follows: 8 b. If the current registered office is to be changed, the 9 street address of the new registered office. 10 d. That after the change or changes are made, the street 11 addresses of its registered office and the office of its 12 registered agent will be identical. 13 Sec. 83. Section 504.502, subsections 2 and 3, Code 2013, 14 are amended to read as follows: 15 2. If the street address of a registered agent’s business 16 office is changed, the registered agent may change the street 17 address of the registered office of any corporation for which 18 the registered agent is the registered agent by notifying the 19 corporation in writing of the change and by signing, either 20 manually or in facsimile, and delivering to the secretary 21 of state for filing, a statement that complies with the 22 requirements of subsection 1 and recites that the corporation 23 has been notified of the change. 24 3. If a registered agent changes the registered agent’s 25 business street address to another place, the registered agent 26 may change the street address of the registered office of any 27 corporation for which the registered agent is the registered 28 agent by filing a statement as required in subsection 2 for 29 each corporation, or by filing a single statement for all 30 corporations named in the notice, except that it need be 31 signed, either manually or in facsimile, only once by the 32 registered agent and must recite that a copy of the statement 33 has been mailed to each corporation named in the notice. 34 Sec. 84. Section 504.504, subsection 2, unnumbered 35 -20- LSB 1247DP (11) 85 da/nh 20/ 70
S.F. _____ H.F. _____ paragraph 1, Code 2013, is amended to read as follows: 1 If a corporation has no registered agent, or the agent 2 cannot with reasonable diligence be served, the corporation 3 may be served by registered or certified mail, return receipt 4 requested, addressed to the secretary of the corporation at the 5 street address of its principal office shown in the most recent 6 biennial report filed pursuant to section 504.1613 . Service 7 is perfected under this subsection on the earliest of any of 8 the following: 9 Sec. 85. Section 504.622, subsection 4, Code 2013, is 10 amended to read as follows: 11 4. Any written notice given by mail pursuant to this section 12 must be given by first class or certified mail sent to the 13 last street address of the member shown on the corporation’s 14 records. 15 Sec. 86. Section 504.711, subsection 1, Code 2013, is 16 amended to read as follows: 17 1. After fixing a record date for a notice of a meeting, a 18 corporation shall prepare an alphabetical list of the names of 19 all its members who are entitled to notice of the meeting. The 20 list must show the street address of each member and number 21 of votes each member is entitled to cast at the meeting. The 22 corporation shall prepare on a current basis through the time 23 of the membership meeting a list of members, if any, who are 24 entitled to vote at the meeting, but not entitled to notice of 25 the meeting. This list shall be prepared on the same basis as 26 and be part of the list of members. 27 Sec. 87. Section 504.1002, subsection 1, paragraphs b and c, 28 Code 2013, are amended to read as follows: 29 b. To delete the names and street addresses of the initial 30 directors. 31 c. To delete the name and street address of the initial 32 registered agent or registered office, if a statement of change 33 is on file with the secretary of state. 34 Sec. 88. Section 504.1406, subsection 2, paragraph b, Code 35 -21- LSB 1247DP (11) 85 da/nh 21/ 70
S.F. _____ H.F. _____ 2013, is amended to read as follows: 1 b. Provide a mailing street address where a claim may be 2 sent. 3 Sec. 89. Section 504.1407, subsection 2, paragraph b, Code 4 2013, is amended to read as follows: 5 b. Describe the information that must be included in a claim 6 and provide a mailing street address where the claim may be 7 sent. 8 Sec. 90. Section 504.1503, subsection 1, paragraphs d 9 through f, Code 2013, are amended to read as follows: 10 d. The street address of its principal office. 11 e. The street address of its registered office in this state 12 and the name of its registered agent at that office. 13 f. The names and usual business or home street addresses of 14 its current directors and officers. 15 Sec. 91. Section 504.1507, subsection 1, Code 2013, is 16 amended to read as follows: 17 1. A registered office with the same street address as that 18 of its registered agent. 19 Sec. 92. Section 504.1508, subsection 1, paragraphs b and d, 20 Code 2013, are amended to read as follows: 21 b. If the current registered office is to be changed, the 22 street address of its new registered office. 23 d. That after the change or changes are made, the street 24 addresses of its registered office and the office of its 25 registered agent will be identical. 26 Sec. 93. Section 504.1508, subsections 2 and 3, Code 2013, 27 are amended to read as follows: 28 2. If a registered agent changes the street address of 29 its business office, the agent may change the street address 30 of the registered office of any foreign corporation for which 31 the agent is the registered agent by notifying the corporation 32 in writing of the change and signing either manually or in 33 facsimile and delivering to the secretary of state for filing 34 a statement of change that complies with the requirements of 35 -22- LSB 1247DP (11) 85 da/nh 22/ 70
S.F. _____ H.F. _____ subsection 1 and recites that the corporation has been notified 1 of the change. 2 3. If a registered agent changes the registered agent’s 3 business street address to another place, the registered agent 4 may change the street address of the registered office of any 5 corporation for which the registered agent is the registered 6 agent by filing a statement as required in subsection 2 for 7 each corporation, or by filing a single statement for all 8 corporations named in the notice, except that it must be signed 9 either manually or in facsimile only by the registered agent 10 and must recite that a copy of the statement has been mailed to 11 each corporation named in the notice. 12 Sec. 94. Section 504.1510, subsection 2, unnumbered 13 paragraph 1, Code 2013, is amended to read as follows: 14 A foreign corporation may be served by registered or 15 certified mail, return receipt requested, addressed to the 16 secretary of the foreign corporation at the street address of 17 its principal office shown in its application for a certificate 18 of authority or in its most recent biennial report filed under 19 section 504.1613 if any of the following conditions apply: 20 Sec. 95. Section 504.1521, subsection 2, paragraph d, Code 21 2013, is amended to read as follows: 22 d. A mailing street address to which the secretary of state 23 may mail a copy of any process served on the secretary of state 24 under paragraph “c” . 25 Sec. 96. Section 504.1521, subsection 3, Code 2013, is 26 amended to read as follows: 27 3. After the withdrawal of the corporation is effective, 28 service of process on the secretary of state under this 29 section is service on the foreign corporation. Upon receipt 30 of process, the secretary of state shall mail a copy of the 31 process to the foreign corporation at the mailing street 32 address set forth in its application for withdrawal. 33 Sec. 97. Section 504.1532, subsection 5, Code 2013, is 34 amended to read as follows: 35 -23- LSB 1247DP (11) 85 da/nh 23/ 70
S.F. _____ H.F. _____ 5. The secretary of state’s revocation of a foreign 1 corporation’s certificate of authority appoints the secretary 2 of state the foreign corporation’s agent for service of 3 process in any proceeding based on a cause of action that 4 arose during the time the foreign corporation was authorized 5 to transact business in this state. Service of process on the 6 secretary of state under this subsection is service on the 7 foreign corporation. Upon receipt of process, the secretary 8 of state shall mail a copy of the process to the secretary of 9 the foreign corporation at its principal office shown in its 10 most recent biennial report or in any subsequent communications 11 received from the corporation stating the current mailing 12 street address of its principal office or, if none are on file, 13 in its application for a certificate of authority. 14 Sec. 98. Section 504.1601, subsection 3, Code 2013, is 15 amended to read as follows: 16 3. A corporation or its agent shall maintain a record of 17 its members in a form that permits preparation of a list of 18 the names and street addresses of all members, in alphabetical 19 order by class, showing the number of votes each member is 20 entitled to vote. 21 Sec. 99. Section 504.1601, subsection 5, paragraph f, Code 22 2013, is amended to read as follows: 23 f. A list of the names and business or home street addresses 24 of its current directors and officers. 25 Sec. 100. Section 504.1607, Code 2013, is amended to read 26 as follows: 27 504.1607 Exception to notice requirement. 28 1. Whenever notice is required to be given under any 29 provision of this chapter to any member, such notice shall not 30 be required to be given if notice of two consecutive annual 31 meetings, and all notices of meetings during the period between 32 such two consecutive annual meetings, have been sent to the 33 member at the member’s street address as shown on the records 34 of the corporation and have been returned as undeliverable. 35 -24- LSB 1247DP (11) 85 da/nh 24/ 70
S.F. _____ H.F. _____ 2. If the member delivers to the corporation a written 1 notice setting forth the member’s then-current street address, 2 the requirement that notice be given to the member shall be 3 reinstated. 4 Sec. 101. Section 504.1613, subsection 1, paragraphs b 5 through d, Code 2013, are amended to read as follows: 6 b. The street address of the corporation’s registered office 7 and the name of the corporation’s registered agent at that 8 office in this state, together with the consent of any new 9 registered agent. 10 c. The street address of the corporation’s principal office. 11 d. The names and street addresses of the president, 12 secretary, treasurer, and one member of the board of directors. 13 DIVISION II 14 DELIVERY OF FILED RECORDS TO A BUSINESS ENTITY OR REQUESTOR FOR 15 LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES 16 Sec. 102. Section 488.206, subsection 1, Code 2013, is 17 amended to read as follows: 18 1. A record authorized or required to be delivered to 19 the secretary of state for filing under this chapter must 20 shall be captioned to describe the record’s purpose, contain 21 the information required by this chapter but may include 22 other information as well, and be in a medium permitted by 23 the secretary of state. The document must be typewritten or 24 printed. If the document is electronically transmitted, it 25 must be in a format that can be retrieved or reproduced in 26 typewritten or printed form. The document must be delivered 27 to the office of the secretary of state for filing. Delivery 28 may be made by electronic transmission if and to the extent 29 permitted by the secretary of state. The secretary of state 30 may adopt rules for the electronic filing of documents and 31 the certification of electronically filed documents. If it 32 is filed in typewritten or printed form and not transmitted 33 electronically, the secretary of state may require an exact or 34 conformed copy to be delivered with the document. Unless the 35 -25- LSB 1247DP (11) 85 da/nh 25/ 70
S.F. _____ H.F. _____ secretary of state determines that a record does not comply 1 with the filing requirements of this chapter , and if all filing 2 fees have been paid, the secretary of state shall file the 3 record and perform all of the following: 4 a. For a statement of dissociation, send all of the 5 following: 6 (1) A a copy of the filed statement and a receipt for the 7 fees record to the person which the statement indicates has 8 dissociated as a general partner. 9 (2) A copy of the filed statement and receipt to the limited 10 partnership. 11 b. For a statement of withdrawal, send all of the following: 12 (1) A a copy of the filed statement and a receipt for the 13 fees record to the person on whose behalf the record was filed. 14 (2) If the statement refers to an existing limited 15 partnership, a copy of the filed statement and receipt to the 16 limited partnership. 17 c. For all other records, send a copy of the filed record 18 and a receipt for the fees to the person on whose behalf the 19 record was filed. 20 Sec. 103. Section 488.206, subsection 2, Code 2013, is 21 amended by striking the subsection. 22 Sec. 104. Section 489.205, subsection 1, Code 2013, is 23 amended to read as follows: 24 1. A record authorized or required to be delivered to the 25 secretary of state for filing under this chapter must shall 26 be captioned to describe the record’s purpose, be in a medium 27 permitted by the secretary of state, and be delivered to the 28 secretary of state. If the filing fees have been paid, unless 29 the secretary of state determines that a record does not comply 30 with the filing requirements of this chapter , the secretary of 31 state shall file the record and any of the following applies: 32 a. For a statement of denial under section 489.303 , send a 33 copy of the filed statement and a receipt for the fees to the 34 person on whose behalf the statement was delivered for filing 35 -26- LSB 1247DP (11) 85 da/nh 26/ 70
S.F. _____ H.F. _____ and to the limited liability company. 1 b. For all other records, send a copy of the filed record 2 and a receipt for the fees to the person on whose behalf the 3 record was filed. 4 Sec. 105. Section 489.205, subsection 2, Code 2013, is 5 amended by striking the subsection. 6 DIVISION III 7 PROOF OF EXISTENCE OR AUTHORIZATION FOR LIMITED PARTNERSHIPS, 8 LIMITED LIABILITY COMPANIES, CORPORATIONS, COOPERATIVES, OR 9 NONPROFIT CORPORATIONS 10 Sec. 106. Section 488.209, Code 2013, is amended to read as 11 follows: 12 488.209 Certificate of existence or authorization authority . 13 1. The secretary of state, upon request and payment of 14 the requisite fee, shall furnish a certificate of existence 15 for a limited partnership if the records filed in the office 16 of the secretary of state show that the secretary of state 17 has filed a certificate of limited partnership and has not 18 filed a statement of termination. A certificate of existence 19 must state all of the following: Any person may apply to the 20 secretary of state to furnish that person a certificate of 21 existence for a domestic limited partnership or a certificate 22 of authority for a foreign limited partnership. 23 2. A certificate of existence or authority shall include all 24 of the following: 25 a. The domestic limited partnership’s name that complies 26 with section 488.108 or the foreign limited partnership’s 27 name used in this state that complies with section 488.108 or 28 488.905 . 29 b. That it was one of the following apply: 30 (1) If the limited partnership is a domestic limited 31 partnership, that it is duly formed under the laws of this 32 state , and the date of its formation , and the period of its 33 duration if less than perpetual . 34 (2) If the limited partnership is a foreign limited 35 -27- LSB 1247DP (11) 85 da/nh 27/ 70
S.F. _____ H.F. _____ partnership, that it is authorized to transact business in this 1 state. 2 c. Whether That all fees , taxes, and penalties under this 3 chapter or other law due the secretary of state have been paid. 4 d. Whether That the limited partnership’s most recent 5 biennial report required by section 488.210 has been filed by 6 the secretary of state. 7 e. Whether That in the case of a domestic limited 8 partnership, the secretary of state has administratively 9 dissolved not filed a statement of dissolution or a statement 10 of termination concerning the limited partnership as provided 11 in section 489.702 . 12 f. Whether the limited partnership’s certificate of 13 limited partnership has been amended to state that the limited 14 partnership is dissolved. 15 g. That a statement of termination has not been filed by the 16 secretary of state. 17 h. Other facts of record in the office of the secretary of 18 state which that may be requested by the applicant. 19 2. The secretary of state, upon request and payment of the 20 requisite fee, shall furnish a certificate of authorization 21 for a foreign limited partnership if the records filed in the 22 office of the secretary of state show that the secretary of 23 state has filed a certificate of authority, has not revoked 24 the certificate of authority, and has not filed a notice of 25 cancellation. A certificate of authorization must state all 26 of the following: 27 a. The foreign limited partnership’s name and any alternate 28 name adopted under section 488.905, subsection 1 , for use in 29 this state. 30 b. That it is authorized to transact business in this state. 31 c. Whether all fees, taxes, and penalties under this chapter 32 or other law due the secretary of state have been paid. 33 d. Whether the foreign limited partnership’s most recent 34 biennial report required by section 488.210 has been filed by 35 -28- LSB 1247DP (11) 85 da/nh 28/ 70
S.F. _____ H.F. _____ the secretary of state. 1 e. That the secretary of state has not revoked its 2 certificate of authority and has not filed a notice of 3 cancellation. 4 f. Other facts of record in the office of the secretary of 5 state which may be requested by the applicant. 6 3. Subject to any qualification stated in the certificate, 7 a certificate of existence for a domestic limited partnership 8 or authorization certificate of authority for a foreign 9 limited partnership, issued by the secretary of state may be 10 relied upon as conclusive evidence that the domestic limited 11 partnership is in existence or foreign limited partnership is 12 in existence or is authorized to transact business in this 13 state. 14 Sec. 107. Section 489.117, subsection 1, paragraph t, Code 15 2013, is amended to read as follows: 16 t. Application for certificate of 17 existence or authorization authority . . . . . . . . . . . . . . . . . $ 5 18 Sec. 108. Section 489.208, Code 2013, is amended to read as 19 follows: 20 489.208 Certificate of existence or authorization authority . 21 1. The secretary of state, upon request and payment of the 22 requisite fee, shall furnish to any person a certificate of 23 existence for a limited liability company if the records filed 24 in the office of the secretary of state show that the company 25 has been formed under section 489.201 and the secretary of 26 state has not filed a statement of termination pertaining to 27 the company. Any person may apply to the secretary of state to 28 furnish that person a certificate of existence for a domestic 29 limited liability company or a certificate of authority for a 30 foreign limited liability company. 31 2. A certificate of existence must state or authority shall 32 include all of the following: 33 a. The domestic limited liability company’s name that 34 complies with section 489.108 or the foreign limited liability 35 -29- LSB 1247DP (11) 85 da/nh 29/ 70
S.F. _____ H.F. _____ company’s name used in this state complies with section 489.108 1 or 489.805 . 2 b. That the one of the following apply: 3 (1) If the limited liability company is a domestic limited 4 liability company was , that it is duly formed under the laws 5 of this state, the date of its formation, and the period of its 6 duration if less than perpetual. 7 (2) If the limited liability company is a foreign limited 8 liability company, that it is authorized to transact business 9 in this state. 10 c. Whether That all fees , taxes, and penalties due under 11 this chapter or other law to the secretary of state have been 12 paid. 13 d. Whether That the company’s most recent biennial report 14 required by section 489.209 has been filed by the secretary of 15 state. 16 e. Whether That in the case of a domestic limited 17 liability company, the secretary of state has administratively 18 dissolved not filed a statement of dissolution or statement of 19 termination concerning the company. 20 f. Whether the company has delivered to the secretary of 21 state for filing a statement of dissolution. 22 g. That a statement of termination has not been filed by the 23 secretary of state. 24 h. Other facts of record in the office of the secretary of 25 state which are specified that may be requested by the person 26 requesting the certificate applicant . 27 2. The secretary of state, upon request and payment of the 28 requisite fee, shall furnish to any person a certificate of 29 authorization for a foreign limited liability company if the 30 records filed in the office of the secretary of state show that 31 the secretary of state has filed a certificate of authority, 32 has not revoked the certificate of authority, and has not filed 33 a notice of cancellation. A certificate of authorization must 34 state all of the following: 35 -30- LSB 1247DP (11) 85 da/nh 30/ 70
S.F. _____ H.F. _____ a. The company’s name and any alternate name adopted under 1 section 489.805, subsection 1 , for use in this state. 2 b. That the company is authorized to transact business in 3 this state. 4 c. Whether all fees, taxes, and penalties due under this 5 chapter or other law to the secretary of state have been paid. 6 d. Whether the company’s most recent biennial report 7 required by section 489.209 has been filed by the secretary of 8 state. 9 e. That the secretary of state has not revoked the company’s 10 certificate of authority and has not filed a notice of 11 cancellation. 12 f. Other facts of record in the office of the secretary 13 of state which are specified by the person requesting the 14 certificate. 15 3. Subject to any qualification stated in the certificate, 16 a certificate of existence for a domestic limited liability 17 company, or certificate of authorization authority for a 18 foreign limited liability company, issued by the secretary 19 of state is conclusive evidence that the domestic limited 20 liability company is in existence or the foreign limited 21 liability company is authorized to transact business in this 22 state. 23 Sec. 109. Section 490.122, subsection 1, paragraph x, Code 24 2013, is amended to read as follows: 25 x. Application for certificate of existence or 26 authorization authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5 27 Sec. 110. Section 490.128, Code 2013, is amended to read as 28 follows: 29 490.128 Certificate of existence or authority . 30 1. Anyone Any person may apply to the secretary of state to 31 furnish a certificate of existence for a domestic corporation 32 or a certificate of authorization authority for a foreign 33 corporation. 34 2. A certificate of existence or authorization must set 35 -31- LSB 1247DP (11) 85 da/nh 31/ 70
S.F. _____ H.F. _____ forth authority shall include all of the following: 1 a. The domestic corporation’s corporate name that complies 2 with section 490.401 or the foreign corporation’s corporate 3 name used in this state that complies with section 490.401 or 4 490.1506 . 5 b. That one of the following apply: 6 (1) If it the corporation is a domestic corporation, that it 7 is duly incorporated under the law of this state, the date of 8 its incorporation, and the period of its duration if less than 9 perpetual. 10 (2) If it the corporation is a foreign corporation, that it 11 is authorized to transact business in this state. 12 c. That all fees required by and penalties due under this 13 chapter or other law to the secretary of state have been paid. 14 d. That its most recent biennial report required by section 15 490.1622 has been filed by the secretary of state. 16 e. If it is That in the case of a domestic corporation, that 17 the secretary of state has not filed articles of dissolution 18 have not been filed concerning the corporation as provided in 19 section 490.1403 . 20 f. Other facts of record in the office of the secretary of 21 state that may be requested by the applicant. 22 3. Subject to any qualification stated in the certificate, 23 a certificate of existence for a domestic corporation, 24 or authorization a certificate of authority for a foreign 25 corporation, issued by the secretary of state may be relied 26 upon as conclusive evidence that the domestic corporation is 27 in existence or the foreign corporation is in existence or is 28 authorized to transact business in this state. 29 Sec. 111. Section 501A.205, subsection 1, paragraph x, Code 30 2013, is amended to read as follows: 31 x. Application for certificate of existence or 32 authorization authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5 33 Sec. 112. Section 501A.209, Code 2013, is amended to read 34 as follows: 35 -32- LSB 1247DP (11) 85 da/nh 32/ 70
S.F. _____ H.F. _____ 501A.209 Certificate of existence or authority . 1 1. Anyone Any person may apply to the secretary to furnish 2 a certificate of existence for a domestic cooperative formed 3 under this chapter or a certificate of authorization authority 4 for a foreign cooperative. 5 2. A certificate of existence or certificate of 6 authorization must set forth authority shall include all of the 7 following: 8 a. The domestic cooperative’s name that complies with 9 section 501A.301 or the foreign cooperative’s name used in this 10 state that complies with section 501A.301 . 11 b. That one of the following applies: 12 (1) If it the cooperative is a domestic cooperative, that it 13 is duly organized under the law of this state, the date of its 14 organization, and the period of its duration. 15 (2) If it the cooperative is a foreign cooperative, that it 16 is authorized to transact business in this state. 17 c. That all fees required by and penalties due under this 18 subchapter or other law to the secretary of state have been 19 paid. 20 d. If it is a domestic cooperative, that articles of 21 dissolution have not been filed. That the cooperative’s most 22 recent biennial report required by section 501A.231 has been 23 filed by the secretary of state. 24 e. That in the case of a domestic cooperative, the secretary 25 of state has not filed articles of dissolution concerning the 26 cooperative as provided in section 501A.1205. 27 e. f. Other facts of record in the office of the secretary 28 that may be requested by the applicant. 29 3. Subject to any qualification stated in the certificate, 30 a certificate of existence for a domestic cooperative, or 31 certificate of authorization authority issued for a foreign 32 cooperative, by the secretary may be relied upon as conclusive 33 evidence that the domestic cooperative is in existence or 34 foreign cooperative is in existence or is authorized to 35 -33- LSB 1247DP (11) 85 da/nh 33/ 70
S.F. _____ H.F. _____ transact business in this state. 1 Sec. 113. Section 504.113, subsection 1, paragraph y, Code 2 2013, is amended to read as follows: 3 y. Application for certificate of existence or 4 authorization authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ __ 5 Sec. 114. Section 504.119, Code 2013, is amended to read as 6 follows: 7 504.119 Certificate of existence or authority . 8 1. Any person may apply to the secretary of state to furnish 9 a certificate of existence for a domestic corporation or a 10 certificate of authority for a foreign corporation. 11 2. The certificate of existence or certificate of authority 12 shall set forth include all of the following: 13 a. The domestic corporation’s corporate name that complies 14 with section 504.401 or the foreign corporation’s corporate 15 name used in this state that complies with section 504.401 or 16 504.1506 . 17 b. That the one of the following applies: 18 (1) If the corporation is a domestic corporation , that it 19 is duly incorporated under the laws of this state, the date of 20 its incorporation, and the period of its duration if less than 21 perpetual ; or that the . 22 (2) If the corporation is a foreign corporation , that it is 23 authorized to transact business in this state. 24 c. That all fees and penalties due under this chapter or 25 other law to the secretary of state have been paid. 26 d. That its the corporation’s most recent biennial report 27 required by section 504.1613 has been delivered to filed with 28 the secretary of state. 29 e. That in the case of a domestic corporation, the secretary 30 of state has not filed articles of dissolution have not 31 been filed concerning the corporation as provided in section 32 504.1403 . 33 f. Other facts of record in the office of the secretary of 34 state that may be requested by the applicant. 35 -34- LSB 1247DP (11) 85 da/nh 34/ 70
S.F. _____ H.F. _____ 3. Subject to any qualification stated in the certificate, a 1 certificate of existence issued for a domestic corporation, or 2 a certificate of authority issued for a foreign corporation, 3 by the secretary of state may be relied upon as conclusive 4 evidence that the domestic or foreign corporation is in good 5 standing existence or the foreign corporation is authorized to 6 transact business in this state. 7 DIVISION IV 8 AMENDED CERTIFICATES OF AUTHORITY FOR LIMITED PARTNERSHIPS, 9 LIMITED LIABILITY COMPANIES, CORPORATIONS, COOPERATIVES, AND 10 NONPROFIT CORPORATIONS 11 Sec. 115. Section 488.902, Code 2013, is amended by adding 12 the following new subsection: 13 NEW SUBSECTION . 3. A foreign limited partnership shall 14 obtain an amended certificate of authority from the secretary 15 of state if the limited partnership changes any of the 16 information required to be provided in subsection 1. The 17 requirements for obtaining an amended certificate of authority 18 shall be the same as for obtaining an original certificate of 19 authority under subsections 1 and 2. 20 Sec. 116. Section 489.802, Code 2013, is amended by adding 21 the following new subsection: 22 NEW SUBSECTION . 3. A foreign limited liability company 23 shall obtain an amended certificate of authority from the 24 secretary of state if the limited liability company changes 25 any of the information required to be provided in subsection 26 1. The requirements for obtaining an amended certificate 27 of authority shall be the same as for obtaining an original 28 certificate of authority under subsections 1 and 2. 29 Sec. 117. Section 490.1503, Code 2013, is amended by adding 30 the following new subsection: 31 NEW SUBSECTION . 3. A foreign corporation shall obtain an 32 amended certificate of authority from the secretary of state 33 if the corporation changes any of the information required to 34 be provided in subsection 1. The requirements for obtaining 35 -35- LSB 1247DP (11) 85 da/nh 35/ 70
S.F. _____ H.F. _____ an amended certificate of authority shall be the same as 1 for obtaining an original certificate of authority under 2 subsections 1 and 2. 3 Sec. 118. Section 501A.221, Code 2013, is amended to read 4 as follows: 5 501A.221 Certificate of authority. 6 1. A foreign cooperative may apply for a certificate of 7 authority to transact business in this state by delivering an 8 application to the secretary for filing. An application for 9 registration as a foreign cooperative shall set forth all of 10 the following: 11 1. a. The name of the foreign cooperative and, if 12 different, the name under which the foreign cooperative 13 proposes to register and transact business in this state. 14 2. b. The state or other jurisdiction in which the foreign 15 cooperative was formed and the date of its formation. 16 3. c. The street address of the registered office of 17 the foreign cooperative in this state and the name of the 18 registered agent at the office. 19 4. d. The address of the principal office, which is the 20 office where the principal executive offices are located. 21 5. 2. A The foreign cooperative shall deliver the completed 22 application to the secretary of state, and also deliver to the 23 secretary of state a certificate of existence or a document of 24 similar import duly authenticated by the proper office of the 25 state or other jurisdiction of its formation which is dated no 26 earlier than ninety days prior to the date that the application 27 is filed with the secretary. 28 3. The foreign cooperative shall obtain an amended 29 certificate of authority from the secretary of state if the 30 cooperative changes any of the information required to be 31 provided in subsection 1. The requirements for obtaining 32 an amended certificate of authority shall be the same as 33 for obtaining an original certificate of authority under 34 subsections 1 and 2. 35 -36- LSB 1247DP (11) 85 da/nh 36/ 70
S.F. _____ H.F. _____ Sec. 119. Section 504.1503, Code 2013, is amended by adding 1 the following new subsection: 2 NEW SUBSECTION . 3. A foreign corporation shall obtain an 3 amended certificate of authority from the secretary of state 4 if the foreign corporation changes any of the information 5 required to be provided in subsection 1. The requirements for 6 obtaining an amended certificate of authority shall be the same 7 as for obtaining an original certificate of authority under 8 subsections 1 and 2. 9 DIVISION V 10 BIENNIAL REPORTS FOR LIMITED PARTNERSHIPS, LIMITED LIABILITY 11 COMPANIES, CORPORATIONS, CLOSED COOPERATIVES, COOPERATIVES 12 UNDER THE IOWA COOPERATIVE ASSOCIATIONS ACT, AND NONPROFIT 13 CORPORATIONS 14 Sec. 120. Section 488.210, Code 2013, is amended to read as 15 follows: 16 488.210 Biennial report for secretary of state. 17 1. A limited partnership , or a foreign limited partnership 18 authorized to transact business in this state , shall deliver to 19 the secretary of state for filing a biennial report that states 20 includes all of the following: 21 a. The domestic limited partnership’s name of the limited 22 partnership as used in the state pursuant to section 488.108 or 23 foreign limited partnership partnership’s name as used in this 24 state pursuant to section 488.108 or 488.905 . 25 b. The street and mailing address of its designated office 26 and the name and street and mailing address of its agent for 27 service of process in this state , together with the consent of 28 any new agent . 29 c. In the case of a limited partnership, the The street and 30 mailing address of its principal office. 31 d. In the case of a foreign limited partnership, the state 32 or other jurisdiction under whose law the foreign limited 33 partnership is formed and any alternate name adopted under 34 section 488.905, subsection 1 organized . 35 -37- LSB 1247DP (11) 85 da/nh 37/ 70
S.F. _____ H.F. _____ 2. Information in a the biennial report must shall be 1 current as of the date the biennial report is delivered to 2 the secretary of state for filing executed . The report shall 3 be executed on behalf of the limited partnership or foreign 4 limited partnership and signed as provided in section 488.204 5 or by any other person authorized by the limited partnership. 6 3. If a biennial report does not contain the information 7 required in subsection 1 , the secretary of state shall promptly 8 notify the reporting limited partnership or foreign limited 9 partnership and return the report to it for correction. If 10 the report is corrected to contain the information required in 11 subsection 1 and delivered to the secretary of state within 12 thirty days after the effective date of the notice, it is 13 timely delivered. The first biennial report shall be delivered 14 to the secretary of state between January 1 and April 1 of the 15 first odd-numbered year following the calendar year in which a 16 limited partnership was formed or a foreign limited partnership 17 was authorized to transact business. Each subsequent biennial 18 report must be delivered to the secretary of state between 19 January 1 and April 1 of the following odd-numbered calendar 20 year. A filing fee for the biennial report shall be determined 21 by the secretary of state. 22 4. If a filed biennial report contains an address of 23 a designated office or the name or address of an agent for 24 service of process which differs from the information shown in 25 the records of the secretary of state immediately before the 26 filing, the differing information in the biennial report is 27 considered a statement of change under section 488.115 does 28 not contain the information required in subsection 1, the 29 secretary of state shall promptly notify the reporting limited 30 partnership or foreign limited partnership in writing and 31 return the report to it for correction . 32 5. The first biennial report shall be delivered to the 33 secretary of state between January 1 and April 1 of the 34 first odd-numbered year following the calendar year in 35 -38- LSB 1247DP (11) 85 da/nh 38/ 70
S.F. _____ H.F. _____ which a limited partnership was formed or a foreign limited 1 partnership was authorized to transact business. Subsequent 2 biennial reports must be delivered to the secretary of state 3 between January 1 and April 1 of the following odd-numbered 4 calendar years. A filing fee for the biennial report shall be 5 determined by the secretary of state. For purposes of this 6 section , each biennial report shall contain information related 7 to the two-year period immediately preceding the calendar 8 year in which the report is filed. The secretary of state 9 may provide for the change of designated office or agent for 10 service of process on the form prescribed by the secretary of 11 state for the biennial report, provided that the form contains 12 the information required in section 488.115. 13 6. If the secretary of state determines that the biennial 14 report does not contain the information required in subsection 15 1, but otherwise meets the requirements of section 488.115, 16 the secretary of state shall file the statement of change for 17 the registered office or registered agent before returning the 18 biennial report to the limited partnership. 19 7. A statement of change of registered office or registered 20 agent pursuant to this section shall be executed by a person 21 authorized to execute the biennial report. 22 Sec. 121. Section 489.209, Code 2013, is amended to read as 23 follows: 24 489.209 Biennial report for secretary of state. 25 1. A limited liability company , or a foreign limited 26 liability company authorized to transact business in this 27 state , shall deliver to the secretary of state for filing a 28 biennial report that states includes all of the following: 29 a. The domestic limited liability company’s name of the 30 company as used in the state pursuant to section 489.108 or the 31 foreign limited liability company’s name as used in this state 32 pursuant to section 489.108 or 489.805 . 33 b. The street address of the company’s registered office, 34 the name of its registered agent at that office in this state , 35 -39- LSB 1247DP (11) 85 da/nh 39/ 70
S.F. _____ H.F. _____ and together with the consent of any new registered agent. 1 c. The street address of its principal office. 2 d. In the case of a foreign limited liability company, the 3 state or other jurisdiction under whose law the company is 4 formed and any alternate name adopted under section 489.805, 5 subsection 1 organized . 6 2. Information in a the biennial report under this section 7 must shall be current as of the date the report is delivered 8 to the secretary of state for filing executed . The report 9 shall be executed on behalf of the limited liability company 10 or foreign limited liability company and signed as provided 11 in section 489.203 or by any other person authorized by the 12 manager or limited liability company . 13 3. The first biennial report under this section must shall 14 be delivered to the secretary of state between January 1 and 15 April 1 of the first odd-numbered year following the calendar 16 year in which a limited liability company was formed or a 17 foreign limited liability company was authorized to transact 18 business. A Each subsequent biennial report must be delivered 19 to the secretary of state between January 1 and April 1 of 20 each following odd-numbered calendar year. A filing fee for 21 the biennial report shall be determined by the secretary of 22 state pursuant to section 489.117 . Each biennial report shall 23 contain information related to the two-year period immediately 24 preceding the calendar year in which the report is filed. 25 4. If a the biennial report does not contain the information 26 required in this section subsection 1 , the secretary of state 27 shall promptly notify the reporting limited liability company 28 or foreign limited liability company in writing and return the 29 report to it for correction. 30 5. The secretary of state may provide for the change of 31 registered office or registered agent on the form prescribed by 32 the secretary of state for the biennial report, provided that 33 the form contains the information required in section 489.114 . 34 6. If the secretary of state determines that a the biennial 35 -40- LSB 1247DP (11) 85 da/nh 40/ 70
S.F. _____ H.F. _____ report does not contain the information required in this 1 section subsection 1 but otherwise meets the requirements of 2 section 489.114 , for the purpose of changing the registered 3 office or registered agent, the secretary of state shall file 4 the statement of change for the registered office or registered 5 agent , effective as provided in section 489.205, subsection 3 , 6 before returning the biennial report to the limited liability 7 company as provided in this section . 8 7. A statement of change of registered office or registered 9 agent accomplished pursuant to this subsection section shall be 10 executed by a person authorized to execute the biennial report. 11 Sec. 122. Section 490.1622, Code 2013, is amended to read 12 as follows: 13 490.1622 Biennial report for secretary of state. 14 1. Each A domestic corporation, and each or a foreign 15 corporation authorized to transact business in this state, 16 shall deliver to the secretary of state for filing a biennial 17 report that sets forth includes all of the following: 18 a. The domestic corporation’s name of as used in the 19 state pursuant to section 490.401 or the corporation and the 20 state or country under whose law it is incorporated foreign 21 corporation’s name as used in this state pursuant to section 22 490.401 or 490.1506 . 23 b. The street address of its registered office and the name 24 of its registered agent at that office in this state, together 25 with the consent of any new registered agent. 26 c. The street address of its principal office. 27 d. The names and street addresses of the president, 28 secretary, treasurer, and one member of the board of directors. 29 e. In the case of a foreign corporation, the state or other 30 jurisdiction under whose law the foreign corporation is formed. 31 2. Information in the biennial report must shall be current 32 as of the date the report is delivered to the secretary of 33 state for filing executed . The report shall be executed on 34 behalf of the corporation and signed as provided in section 35 -41- LSB 1247DP (11) 85 da/nh 41/ 70
S.F. _____ H.F. _____ 490.120 or by any other person authorized by the board of 1 directors of the corporation. 2 3. The first biennial report shall be delivered to the 3 secretary of state between January 1 and April 1 of the 4 first even-numbered year following the calendar year in 5 which a domestic corporation was incorporated or a foreign 6 corporation was authorized to transact business. Subsequent 7 Each subsequent biennial reports must report shall be delivered 8 to the secretary of state between January 1 and April 1 of the 9 following even-numbered calendar years year . A filing fee 10 for the biennial report shall be determined by the secretary 11 of state. For purposes of this section , each biennial report 12 shall contain information related to the two-year period 13 immediately preceding the calendar year in which the report is 14 filed. 15 4. If a the biennial report does not contain the information 16 required by this section in subsection 1 , the secretary 17 of state shall promptly notify the reporting domestic or 18 foreign corporation in writing and return the report to it for 19 correction. 20 5. The secretary of state may provide for the change of 21 registered office or registered agent on the form prescribed by 22 the secretary of state for the biennial report, provided that 23 the form contains the information required in section 490.502 24 or 490.1508 . 25 6. If the secretary of state determines that a the biennial 26 report does not contain the information required by this 27 section in subsection 1 but otherwise meets the requirements 28 of section 490.502 or 490.1508 , for the purpose of changing 29 the registered office or registered agent, the secretary of 30 state shall file the statement of change of registered office 31 or registered agent , effective as provided in section 490.123 , 32 before returning the biennial report to the corporation as 33 provided in this section . 34 7. A statement of change of registered office or agent 35 -42- LSB 1247DP (11) 85 da/nh 42/ 70
S.F. _____ H.F. _____ pursuant to this subsection section shall be executed by a 1 person authorized to execute the biennial report. 2 Sec. 123. Section 501.713, Code 2013, is amended to read as 3 follows: 4 501.713 Biennial report for secretary of state. 5 1. Each A cooperative authorized to transact business in 6 this state shall deliver to the secretary of state for filing a 7 biennial report that sets forth includes all of the following: 8 a. The cooperative’s name of the cooperative as used in the 9 state pursuant to section 501.104 . 10 b. The street address of its registered office , and the name 11 of its registered agent at that office in this state, together 12 with the consent of any new registered agent. 13 c. The street address of its principal office. 14 d. The names and street addresses of the president, 15 secretary, treasurer, and one member of the board of directors. 16 2. Information in the biennial report must shall be current 17 as of the first day of January of the year in which the report 18 is due executed . The report shall be executed on behalf of the 19 cooperative and signed as provided in section 501.105 or by 20 any other person authorized by the board of directors of the 21 cooperative. 22 3. The first biennial report shall be delivered to the 23 secretary of state between January 1 and April 1 of the first 24 even-numbered year following the calendar year in which a 25 cooperative was organized. Subsequent Each subsequent biennial 26 reports must report shall be delivered to the secretary 27 of state between January 1 and April 1 of the following 28 even-numbered calendar years year . A filing fee for the 29 biennial report shall be determined by the secretary of state. 30 4. If a the biennial report does not contain the information 31 required by this section in subsection 1 , the secretary 32 of state shall promptly notify the reporting cooperative 33 in writing and return the report to the cooperative for 34 correction. 35 -43- LSB 1247DP (11) 85 da/nh 43/ 70
S.F. _____ H.F. _____ 5. The secretary of state may provide for the change of 1 registered office or registered agent on the form prescribed by 2 the secretary of state for the biennial report, provided that 3 the form contains the information required in section 501.106 . 4 6. If the secretary of state determines that a the biennial 5 report does not contain the information required by this 6 section in subsection 1 but otherwise meets the requirements 7 of section 501.106 , for the purpose of changing the registered 8 office or registered agent, the secretary of state shall file 9 the statement of change of registered office or registered 10 agent , effective as provided in section 501.105 , before 11 returning the biennial report to the cooperative as provided in 12 this section . 13 7. A statement of change of registered office or agent 14 pursuant to this subsection section shall be executed by a 15 person authorized to execute the biennial report. 16 Sec. 124. Section 501A.231, Code 2013, is amended to read 17 as follows: 18 501A.231 Biennial report for secretary of state. 19 1. A cooperative , or foreign cooperative authorized to 20 transact business in this state , shall deliver to the secretary 21 of state for filing a biennial report that sets forth includes 22 all of the following: 23 a. The cooperative’s name of the cooperative as used in this 24 state pursuant to section 501A.301 . 25 b. The street address of its registered office and the name 26 of its registered agent at that office in this state, together 27 with the consent of any new registered agent. 28 c. The street address of its principal office. 29 d. The names and street addresses of the president, 30 secretary, treasurer, and one member of the board of directors. 31 e. In the case of a foreign cooperative, the state or other 32 jurisdiction under whose law the cooperative is organized. 33 2. Information in the biennial report must shall be current 34 as of the first day of January of the year in which the report 35 -44- LSB 1247DP (11) 85 da/nh 44/ 70
S.F. _____ H.F. _____ is due executed . The report shall be executed on behalf of the 1 cooperative and signed as provided in section 501A.103 or by 2 any other person authorized by the board of directors of the 3 cooperative. 4 3. The first biennial report shall be delivered to the 5 secretary of state between January 1 and April 1 of the 6 first even-numbered year following the calendar year in 7 which a cooperative is organized or the foreign cooperative 8 is authorized to transact business . Subsequent biennial 9 reports Each subsequent biennial report shall be delivered to 10 the secretary of state between January 1 and April 1 of the 11 following even-numbered calendar years year . A filing fee for 12 the biennial report shall be determined by the secretary of 13 state. 14 4. If a the biennial report does not contain the information 15 required by this section in subsection 1 , the secretary 16 of state shall promptly notify the reporting cooperative 17 in writing and return the report to the cooperative for 18 correction. 19 5. The secretary of state may provide for the change of 20 registered office or registered agent on the form prescribed by 21 the secretary of state for the biennial report, provided that 22 the form contains the information required by section 501A.402 . 23 6. If the secretary of state determines that a the biennial 24 report does not contain the information required by this 25 section in subsection 1 but otherwise meets the requirements of 26 section 501A.402 , for the purpose of changing the registered 27 office or registered agent, the secretary of state shall file 28 the statement of change of registered office or registered 29 agent , effective as provided in section 501A.203 , before 30 returning the biennial report to the cooperative as provided in 31 this section . 32 7. A statement of change of registered office or agent 33 pursuant to this subsection section shall be executed by a 34 person authorized to execute the biennial report. 35 -45- LSB 1247DP (11) 85 da/nh 45/ 70
S.F. _____ H.F. _____ Sec. 125. Section 504.1613, Code 2013, is amended to read 1 as follows: 2 504.1613 Biennial report for secretary of state. 3 1. Each A domestic corporation, and each foreign 4 corporation authorized to transact business in this state, 5 shall deliver to the secretary of state for filing a biennial 6 report on a form prescribed and furnished by the secretary of 7 state that sets forth includes all of the following: 8 a. The domestic corporation’s name of the corporation and 9 the state or country under whose law it is incorporated as 10 used in this state pursuant to section 504.401 or a foreign 11 corporation’s name as used in this state pursuant to section 12 504.401 or 504.1506 . 13 b. The street address of the corporation’s registered office 14 and the name of the corporation’s registered agent at that 15 office in this state, together with the consent of any new 16 registered agent. 17 c. The street address of the corporation’s principal office. 18 d. The names and street addresses of the president, 19 secretary, treasurer, and one member of the board of directors. 20 e. In the case of a foreign corporation, the state or other 21 jurisdiction under whose law the corporation is formed. 22 e. f. Whether or not the corporation has members. 23 2. The information Information in the biennial report must 24 shall be current on the date the biennial report is executed . 25 The report shall be executed on behalf of the corporation and 26 signed by any person authorized by the board of directors of 27 the corporation . 28 3. The first biennial report shall be delivered to the 29 secretary of state between January 1 and April 1 of the first 30 odd-numbered year following the calendar year in which a 31 domestic corporation was incorporated or a foreign corporation 32 was authorized to transact business. Subsequent biennial 33 reports must Each subsequent biennial report shall be delivered 34 to the secretary of state between January 1 and April 1 of the 35 -46- LSB 1247DP (11) 85 da/nh 46/ 70
S.F. _____ H.F. _____ following odd-numbered calendar years year . A filing fee for 1 the biennial report shall be determined by the secretary of 2 state. 3 4. a. If a the biennial report does not contain the 4 information required by this section in subsection 1 , the 5 secretary of state shall promptly notify the reporting domestic 6 or foreign corporation in writing and return the report to the 7 corporation for correction. 8 b. A filing fee for the biennial report shall be determined 9 by the secretary of state. 10 c. For purposes of this section , each biennial report shall 11 contain information related to the two-year period immediately 12 preceding the calendar year in which the report is filed. 13 5. The secretary of state may provide for the change of 14 registered office or registered agent on the form prescribed by 15 the secretary of state for the biennial report, provided that 16 the form contains the information required in section 504.502 17 or 504.503 . 18 6. If the secretary of state determines that a the biennial 19 report does not contain the information required by this 20 section in subsection 1 but otherwise meets the requirements 21 of section 504.502 or 504.503 , for the purpose of changing the 22 registered office or registered agent, the secretary of state 23 shall file the statement of change of registered office or 24 registered agent , effective as provided in section 504.114 , 25 before returning the biennial report to the corporation as 26 provided in this section . 27 7. A statement of change of registered office or agent 28 pursuant to this subsection section shall be executed by a 29 person authorized to execute the biennial report. 30 DIVISION VI 31 DISSOLUTION AND REVOCATION FOR LIMITED PARTNERSHIPS, LIMITED 32 LIABILITY COMPANIES, CORPORATIONS, TRADITIONAL COOPERATIVES, 33 CLOSED COOPERATIVES, COOPERATIVES UNDER THE IOWA COOPERATIVE 34 ASSOCIATIONS ACT, AND NONPROFIT CORPORATIONS 35 -47- LSB 1247DP (11) 85 da/nh 47/ 70
S.F. _____ H.F. _____ Sec. 126. Section 488.801, subsection 5, Code 2013, is 1 amended to read as follows: 2 5. The signing and filing service of a declaration written 3 notice of dissolution by the secretary of state under section 4 488.809, subsection 3 2 . 5 Sec. 127. Section 488.809, Code 2013, is amended to read as 6 follows: 7 488.809 Administrative dissolution. 8 1. The secretary of state may administratively dissolve a 9 limited partnership administratively if the limited partnership 10 does not, within sixty days after the due date, do any of the 11 following any of the following apply : 12 a. Pay The limited partnership fails to pay within sixty 13 days after the due date, any fee, tax, or penalty under this 14 chapter or other law due the secretary of state. 15 b. Deliver The limited partnership fails to deliver within 16 sixty days after the due date its biennial report to the 17 secretary of state as required in section 488.210 . 18 2. If the secretary of state determines that a ground exists 19 for In order to administratively dissolving dissolve a limited 20 partnership, the secretary of state shall file a record of 21 the determination and serve the limited partnership with a 22 copy written notice of the filed record secretary of state’s 23 determination . The notice shall include all of the following: 24 a. The administrative dissolution’s effective date, which 25 must be at least sixty days after the date the secretary of 26 state sends the notice. 27 b. Each ground for administrative dissolution under 28 subsection 1. 29 3. If within sixty days after service of the copy the 30 A limited partnership does not correct is administratively 31 dissolved on the effective date in the notice of administrative 32 dissolution as provided in subsection 2, unless prior to that 33 date the limited partnership cures each ground for dissolution 34 or demonstrate to the reasonable satisfaction of the secretary 35 -48- LSB 1247DP (11) 85 da/nh 48/ 70
S.F. _____ H.F. _____ of state that each ground determined by the secretary of state 1 does not exist, the secretary of state shall administratively 2 dissolve the limited partnership by preparing, signing, and 3 filing a declaration of dissolution that states the grounds 4 for dissolution stated in the notice . The secretary of state 5 shall serve the limited partnership with a copy of the filed 6 declaration. 7 4. A limited partnership administratively dissolved 8 continues its existence but may carry on only activities 9 necessary to wind up its activities and shall not carry on any 10 business except as necessary to liquidate its assets under 11 sections 488.803 and 488.812 business and to notify claimants 12 as required under sections 488.806 and 488.807 this chapter . 13 5. The administrative dissolution of a limited partnership 14 does not terminate the authority of its agent for service of 15 process . 16 6. The secretary of state’s administrative dissolution 17 pursuant to this section appoints the secretary of state as 18 the limited partnership’s agent for service of process in 19 any proceeding based on a cause of action which arose during 20 the time the limited partnership was authorized to transact 21 business in this state. Service of process on the secretary 22 of state under this subsection is service on the limited 23 partnership. Upon receipt of process, the secretary of state 24 shall serve a copy of the process on the limited partnership as 25 provided in section 488.117. This subsection does not preclude 26 service on the limited partnership’s registered agent, if any. 27 Sec. 128. Section 488.906, Code 2013, is amended by striking 28 the section and inserting in lieu thereof the following: 29 488.906 Revocation of certificate of authority. 30 The secretary of state may revoke the certificate of 31 authority of a foreign limited partnership to transact business 32 in this state if the foreign limited partnership fails to 33 comply with any requirement set out in section 488.809. The 34 procedure for revocation shall be the same as provided in 35 -49- LSB 1247DP (11) 85 da/nh 49/ 70
S.F. _____ H.F. _____ that section for the administrative dissolution of a limited 1 partnership. 2 Sec. 129. Section 489.705, Code 2013, is amended to read as 3 follows: 4 489.705 Administrative dissolution. 5 1. The secretary of state may commence a proceeding under 6 this section to administratively dissolve a limited liability 7 company if any of the following apply: 8 a. The limited liability company has not delivered a 9 biennial report to the secretary of state in a form that meets 10 the requirements of section 489.209 within sixty days after it 11 is due, or has not paid fails to pay within sixty days after 12 the due date, any fee, tax, or penalty due to the secretary of 13 state under this chapter or law other than this chapter . 14 b. The limited liability company is without a registered 15 office agent or registered agent office in this state for sixty 16 days or more . 17 c. The limited liability company does not notify the 18 secretary of state within sixty days that its registered agent 19 or registered office has been changed, that its registered 20 agent has resigned, or that its registered office has been 21 discontinued. 22 d. The limited liability company’s period of duration stated 23 in its certificate of organization has expired expires . 24 e. The limited liability company fails to deliver within 25 sixty days after the due date its biennial report to the 26 secretary of state as required in section 489.209. 27 2. If the secretary of state determines that a ground exists 28 for In order to administratively dissolving dissolve a limited 29 liability company, the secretary of state shall file a record 30 of the determination and serve the company with a copy written 31 notice of the filed record secretary of state’s determination . 32 The notice shall include all of the following: 33 a. The administrative dissolution’s effective date, which 34 must be at least sixty days after the date the secretary of 35 -50- LSB 1247DP (11) 85 da/nh 50/ 70
S.F. _____ H.F. _____ state sends the notice. 1 b. Each ground for administrative dissolution under 2 subsection 1. 3 3. If within sixty days after service of the copy pursuant 4 to subsection 2 a A limited liability company does not correct 5 is administratively dissolved on the effective date in the 6 notice of administrative dissolution as provided in subsection 7 2, unless prior to that date the company cures each ground 8 for dissolution or demonstrate to the reasonable satisfaction 9 of the secretary of state that each ground determined by the 10 secretary of state does not exist, the secretary of state shall 11 dissolve the company administratively by preparing, signing, 12 and filing a declaration of dissolution that states the grounds 13 for dissolution stated in the notice . The secretary of state 14 shall serve the company with a copy of the filed declaration. 15 4. A limited liability company that has been 16 administratively dissolved continues in existence but , subject 17 to section 489.706 , may shall not carry on only activities 18 necessary to wind up its activities and any business except as 19 necessary to liquidate its assets under sections 489.702 20 business and 489.708 and to notify claimants under sections 21 489.703 and 489.704 as required under this chapter . 22 5. The administrative dissolution of a limited liability 23 company does not terminate the authority of its registered 24 agent for service of process . 25 6. The secretary of state’s administrative dissolution 26 pursuant to this section appoints the secretary of state as the 27 limited liability company’s agent for service of process in any 28 proceeding based on a cause of action which arose during the 29 time the limited liability company was authorized to transact 30 business in this state. Service of process on the secretary of 31 state under this subsection is service on the limited liability 32 company. Upon receipt of process, the secretary of state shall 33 serve a copy of the process on the limited liability company as 34 provided in section 489.116. This subsection does not preclude 35 -51- LSB 1247DP (11) 85 da/nh 51/ 70
S.F. _____ H.F. _____ service on the limited liability company’s registered agent, 1 if any. 2 Sec. 130. Section 489.806, Code 2013, is amended by striking 3 the section and inserting in lieu thereof the following: 4 489.806 Revocation of certificate of authority. 5 The secretary of state may revoke the certificate of 6 authority of a foreign limited liability company to transact 7 business in this state if the foreign limited liability 8 company fails to comply with any requirement set out in section 9 489.705. The procedure for revocation shall be the same as 10 provided in that section for the administrative dissolution of 11 a limited liability company. 12 Sec. 131. Section 490.1420, Code 2013, is amended to read 13 as follows: 14 490.1420 Grounds for administrative Administrative 15 dissolution. 16 1. The secretary of state may commence a proceeding under 17 section 490.1421 to administratively dissolve a corporation if 18 any of the following apply: 19 1. a. The corporation has not delivered a biennial report 20 to the secretary of state in a form that meets the requirements 21 of section 490.1622 , within sixty days after it is due, or has 22 not paid any fee, tax, or penalty due to the secretary of state 23 under this chapter or law other than this chapter , fails to pay 24 within sixty days after it is the due date any fee, tax, or 25 penalty due to the secretary of state . 26 2. b. The corporation is without a registered agent or 27 registered office in this state for sixty days or more . 28 3. c. The corporation does not notify the secretary of 29 state within sixty days that its registered agent or registered 30 office has been changed, that its registered agent has 31 resigned, or that its registered office has been discontinued. 32 4. d. The corporation’s period of duration stated in its 33 articles of incorporation expires. 34 e. The corporation fails to deliver within sixty days after 35 -52- LSB 1247DP (11) 85 da/nh 52/ 70
S.F. _____ H.F. _____ the due date its biennial report to the secretary of state as 1 provided in section 490.1622. 2 2. In order to administratively dissolve a corporation, the 3 secretary of state shall serve the corporation with written 4 notice of the secretary of state’s determination. The notice 5 shall include all of the following: 6 a. The administrative dissolution’s effective date, which 7 must be at least sixty days after the date the secretary of 8 state sends the notice. 9 b. Each ground for the administrative dissolution under 10 subsection 1. 11 3. A corporation is administratively dissolved on the 12 effective date in the notice of administrative dissolution 13 as provided in subsection 2, unless before that date the 14 corporation cures each ground stated in the notice. 15 4. A corporation administratively dissolved continues 16 in existence but shall not carry on any business except as 17 necessary to liquidate its business and notify claimants as 18 required under this chapter. 19 5. The administrative dissolution of a corporation does not 20 terminate the authority of its registered agent. 21 6. The secretary of state’s administrative dissolution 22 pursuant to this section appoints the secretary of state the 23 corporation’s agent for service of process in any proceeding 24 based on a cause of action which arose during the time the 25 corporation was authorized to transact business in this 26 state. Service of process on the secretary of state under 27 this subsection is service on the corporation. Upon receipt 28 of process, the secretary of state shall serve a copy of the 29 process on the corporation as provided in section 490.504. 30 This subsection does not preclude service on the corporation’s 31 registered agent, if any. 32 Sec. 132. Section 490.1422, subsection 1, unnumbered 33 paragraph 1, Code 2013, is amended to read as follows: 34 A corporation administratively dissolved under section 35 -53- LSB 1247DP (11) 85 da/nh 53/ 70
S.F. _____ H.F. _____ 490.1421 490.1420 may apply to the secretary of state 1 for reinstatement at any time after the effective date of 2 dissolution. The application must meet all of the following 3 requirements: 4 Sec. 133. Section 490.1510, subsection 2, paragraph c, Code 5 2013, is amended to read as follows: 6 c. Has had its certificate of authority revoked under 7 section 490.1531 490.1530 . 8 Sec. 134. Section 490.1530, Code 2013, is amended by 9 striking the section and inserting in lieu thereof the 10 following: 11 490.1530 Revocation of certificate of authority. 12 The secretary of state may revoke the certificate of 13 authority of a foreign corporation to transact business in 14 this state if the foreign corporation fails to comply with any 15 requirement set out in section 490.1420. The procedure for 16 revocation shall be the same as provided in that section for 17 administrative dissolution of a corporation. 18 Sec. 135. Section 499.76, Code 2013, is amended to read as 19 follows: 20 499.76 Grounds for administrative Administrative dissolution. 21 1. The secretary of state may commence a proceeding under 22 section 499.77 to administratively dissolve an association if 23 any of the following apply: 24 1. a. The association has not delivered a biennial report 25 to the secretary of state in a form that meets the requirements 26 of section 499.49 , fails to pay within sixty days after it is 27 due the due date any fee, tax, or penalty due to the secretary 28 of state . 29 2. b. The association is without a registered agent or 30 registered office in this state for sixty days or more . 31 3. c. The association does not notify the secretary of 32 state within sixty days that its registered agent or registered 33 office has been changed, that its registered agent has 34 resigned, or that its registered office has been discontinued. 35 -54- LSB 1247DP (11) 85 da/nh 54/ 70
S.F. _____ H.F. _____ 4. d. The association’s period of duration stated in its 1 articles of incorporation expires. 2 e. The association fails to deliver within sixty days after 3 the due date its biennial report to the secretary of state as 4 provided in section 499.49. 5 2. In order to administratively dissolve an association, 6 the secretary of state shall serve the association with written 7 notice of the secretary of state’s determination. The notice 8 shall include all of the following: 9 a. The administrative dissolution’s effective date, which 10 must be at least sixty days after the date the secretary of 11 state sends the notice. 12 b. Each ground for the administrative dissolution under 13 subsection 1. 14 3. An association is administratively dissolved on the 15 effective date in the notice of administrative dissolution 16 as provided in subsection 2, unless before that date the 17 corporation cures each ground stated in the notice. 18 4. An association administratively dissolved continues 19 in existence but shall not carry on any business except as 20 necessary to liquidate its business and notify claimants as 21 required under this chapter. 22 5. The administrative dissolution of an association does 23 not terminate the authority of its registered agent. 24 6. The secretary of state’s administrative dissolution 25 pursuant to this section appoints the secretary of state the 26 association’s agent for service of process in any proceeding 27 based on a cause of action which arose during the time the 28 association was authorized to transact business in this 29 state. Service of process on the secretary of state under 30 this subsection is service on the association. Upon receipt 31 of process, the secretary of state shall serve a copy of the 32 process on the association as provided in section 499.75. This 33 subsection does not preclude service on the association’s 34 registered agent, if any. 35 -55- LSB 1247DP (11) 85 da/nh 55/ 70
S.F. _____ H.F. _____ Sec. 136. NEW SECTION . 499.76A Revocation of certificate 1 authority. 2 The secretary of state may revoke the certificate of 3 authority of a foreign cooperative association to transact 4 business in this state if the foreign cooperative association 5 fails to comply with any requirement set out in section 499.76. 6 The procedure for revocation shall be the same as provided 7 in that section for the administrative dissolution of an 8 association. 9 Sec. 137. Section 499.78, subsection 1, unnumbered 10 paragraph 1, Code 2013, is amended to read as follows: 11 An association administratively dissolved under section 12 499.77 499.76 may apply to the secretary of state for 13 reinstatement at any time after the effective date of 14 dissolution. The application must meet all of the following 15 requirements: 16 Sec. 138. Section 501.104, subsection 2, paragraph d, Code 17 2013, is amended to read as follows: 18 d. The name of a cooperative which has been administratively 19 dissolved pursuant to section 501.812 501.811 for a period 20 of less than five years from the effective date of the 21 dissolution. 22 Sec. 139. Section 501.811, Code 2013, is amended to read as 23 follows: 24 501.811 Grounds for administrative Administrative 25 dissolution. 26 1. The secretary of state may commence a proceeding under 27 section 501.812 to administratively dissolve a cooperative if 28 any of the following apply: 29 1. a. The cooperative has not delivered a biennial report 30 to the secretary of state in a form that meets the requirements 31 of section 501.713 , fails to pay within sixty days after it is 32 the due date , or has not paid the filing fee as determined by 33 the secretary of state, within sixty days after it is due any 34 fee, tax, or penalty due to the secretary of state . 35 -56- LSB 1247DP (11) 85 da/nh 56/ 70
S.F. _____ H.F. _____ 2. b. The cooperative is without a registered agent or 1 registered office in this state for sixty days or more. 2 3. c. The cooperative does not notify the secretary of 3 state within sixty days that its registered agent or registered 4 office has been changed, that its registered agent has 5 resigned, or that its registered office has been discontinued. 6 4. d. The cooperative’s period of duration stated in its 7 articles of association expires. 8 e. The cooperative fails to deliver within sixty days after 9 the due date its biennial report to the secretary of state as 10 provided in section 501.713. 11 2. In order to administratively dissolve a cooperative, the 12 secretary of state shall serve the cooperative with a written 13 notice of the secretary of state’s determination. The notice 14 shall include all of the following: 15 a. The administrative dissolution’s effective date, which 16 must be at least sixty days after the date the secretary of 17 state sends the notice. 18 b. Each ground for administrative dissolution under 19 subsection 1. 20 3. A cooperative is administratively dissolved on the 21 effective date in the notice of administrative dissolution 22 as provided in subsection 2, unless prior to that date the 23 cooperative cures each ground for dissolution stated in the 24 notice. 25 4. A cooperative administratively dissolved continues 26 in existence but shall not carry on any business except as 27 necessary to liquidate its business and notify claimants as 28 required under this chapter. 29 5. The administrative dissolution of a cooperative does not 30 terminate the authority of its registered agent. 31 6. The secretary of state’s administrative dissolution 32 pursuant to this section appoints the secretary of state 33 as the cooperative’s agent for service of process in any 34 proceeding based on a cause of action which arose during the 35 -57- LSB 1247DP (11) 85 da/nh 57/ 70
S.F. _____ H.F. _____ time the cooperative was authorized to transact business in 1 this state. Service of process on the secretary of state under 2 this subsection is service on the cooperative. Upon receipt 3 of process, the secretary of state shall serve a copy of the 4 process on the cooperative as provided in section 501.106. 5 This subsection does not preclude service on the cooperative’s 6 registered agent, if any. 7 Sec. 140. Section 501.813, subsection 1, unnumbered 8 paragraph 1, Code 2013, is amended to read as follows: 9 A cooperative administratively dissolved under section 10 501.812 501.811 may apply to the secretary of state for 11 reinstatement at any time after the effective date of 12 dissolution. The application must meet all of the following 13 requirements: 14 Sec. 141. NEW SECTION . 501A.1209A Administrative 15 dissolution. 16 1. The secretary of state may administratively dissolve a 17 cooperative if any of the following apply: 18 a. The cooperative fails to pay within sixty days after 19 the due date, any fee, tax, or penalty due to the secretary of 20 state. 21 b. The cooperative is without a registered agent or 22 registered office in this state for sixty days. 23 c. The cooperative does not notify the secretary of state 24 within sixty days that its registered agent or registered 25 office has been changed, that its registered agent has 26 resigned, or that its registered office has been discontinued. 27 d. The cooperative’s period of duration stated in its 28 articles of association expires. 29 e. The cooperative fails to deliver within sixty days after 30 the due date its biennial report to the secretary of state as 31 provided in section 501A.231. 32 2. In order to administratively dissolve a cooperative, the 33 secretary of state shall serve the cooperative with a written 34 notice of the secretary of state’s determination. The notice 35 -58- LSB 1247DP (11) 85 da/nh 58/ 70
S.F. _____ H.F. _____ shall include all of the following: 1 a. The administrative dissolution’s effective date, which 2 must be at least sixty days after the date the secretary of 3 state sends the notice. 4 b. Each ground for administrative dissolution under 5 subsection 1. 6 3. A cooperative is administratively dissolved on the 7 effective date in the notice of administrative dissolution 8 as provided in subsection 2, unless prior to that date the 9 cooperative cures each ground for dissolution stated in the 10 notice. 11 4. A cooperative administratively dissolved continues 12 in existence but shall not carry on any business except as 13 necessary to liquidate its business and notify claimants as 14 required under this chapter. 15 5. The administrative dissolution of a cooperative does not 16 terminate the authority of its registered agent. 17 6. The secretary of state’s administrative dissolution 18 pursuant to this section appoints the secretary of state 19 as the cooperative’s agent for service of process in any 20 proceeding based on a cause of action which arose during the 21 time the cooperative was authorized to transact business in 22 this state. Service of process on the secretary of state under 23 this subsection is service on the cooperative. Upon receipt 24 of process, the secretary of state shall serve a copy of the 25 process on the cooperative as provided in section 501A.404 or 26 501A.405. This subsection does not preclude service on the 27 cooperative’s registered agent, if any. 28 Sec. 142. Section 504.1421, Code 2013, is amended to read 29 as follows: 30 504.1421 Grounds for administrative Administrative 31 dissolution. 32 1. The secretary of state may commence a proceeding under 33 section 504.1422 to administratively dissolve a corporation if 34 any of the following occurs apply : 35 -59- LSB 1247DP (11) 85 da/nh 59/ 70
S.F. _____ H.F. _____ 1. a. The corporation does not deliver its biennial 1 report to the secretary of state, in a form that meets the 2 requirements of section 504.1613 , fails to pay within sixty 3 days after the report is due date, any fee, tax, or penalty due 4 to the secretary of state . 5 2. b. The corporation is without a registered agent or 6 registered office in this state for sixty days or more . 7 3. c. The corporation does not notify the secretary of 8 state within sixty days that its registered agent or registered 9 office has been changed, that its registered agent has 10 resigned, or that its registered office has been discontinued. 11 4. d. The corporation’s period of duration, if any, stated 12 in its articles of incorporation expires. 13 e. The corporation fails to deliver within sixty days after 14 the due date its biennial report to the secretary of state as 15 provided in section 504.1613. 16 2. In order to administratively dissolve a corporation, the 17 secretary of state shall serve the corporation with a written 18 notice of the secretary of state’s determination. The notice 19 shall include all of the following: 20 a. The administrative dissolution’s effective date, which 21 must be at least sixty days after the date the secretary of 22 state sends the notice. 23 b. Each ground for administrative dissolution under 24 subsection 1. 25 3. A corporation is administratively dissolved on the 26 effective date in the notice of administrative dissolution 27 as provided in subsection 2, unless prior to that date the 28 corporation cures each ground for dissolution stated in the 29 notice. 30 4. A corporation administratively dissolved continues 31 in existence but shall not carry on any business except as 32 necessary to liquidate its business and notify claimants as 33 required under this chapter. 34 5. The administrative dissolution of a corporation does not 35 -60- LSB 1247DP (11) 85 da/nh 60/ 70
S.F. _____ H.F. _____ terminate the authority of its registered agent. 1 6. The secretary of state’s administrative dissolution 2 pursuant to this section appoints the secretary of state 3 as the corporation’s agent for service of process in any 4 proceeding based on a cause of action which arose during the 5 time the corporation was authorized to transact business in 6 this state. Service of process on the secretary of state under 7 this subsection is service on the corporation. Upon receipt 8 of process, the secretary of state shall serve a copy of the 9 process on the corporation. This subsection does not preclude 10 service on the corporation’s registered agent, if any. 11 Sec. 143. Section 504.1423, subsection 1, unnumbered 12 paragraph 1, Code 2013, is amended to read as follows: 13 A corporation administratively dissolved under section 14 504.1422 504.1421 may apply to the secretary of state 15 for reinstatement at any time after the effective date of 16 dissolution. The application must state all of the following: 17 Sec. 144. Section 504.1510, subsection 2, paragraph c, Code 18 2013, is amended to read as follows: 19 c. The foreign corporation has had its certificate of 20 authority revoked under section 504.1532 504.1531 . 21 Sec. 145. Section 504.1531, Code 2013, is amended by 22 striking the section and inserting in lieu thereof the 23 following: 24 504.1531 Revocation of certificate of authority. 25 The secretary of state may revoke the certificate of 26 authority of a foreign corporation to transact business in 27 this state if the foreign corporation fails to comply with any 28 requirement set out in section 504.1421. The procedure for 29 revocation shall be the same as provided in that section for 30 the administrative dissolution of a corporation. 31 Sec. 146. REPEAL. Sections 490.1421, 490.1531, 499.77, 32 501.812, 504.1422, and 504.1532, Code 2013, are repealed. 33 DIVISION VII 34 NAMING CONVENTIONS FOR LIMITED PARTNERSHIPS, LIMITED LIABILITY 35 -61- LSB 1247DP (11) 85 da/nh 61/ 70
S.F. _____ H.F. _____ COMPANIES, CORPORATIONS, TRADITIONAL COOPERATIVES, COOPERATIVES 1 UNDER THE IOWA COOPERATIVE ASSOCIATION ACT, AND NONPROFIT 2 CORPORATIONS 3 Sec. 147. Section 488.108, subsection 7, Code 2013, is 4 amended to read as follows: 5 7. This chapter does not control the use of fictitious 6 names. However, a limited partnership which uses a fictitious 7 name in this state shall deliver to the secretary of state for 8 filing a copy of the resolution of the limited partnership 9 certified by its general partners a general partner , adopting 10 the fictitious name. 11 Sec. 148. Section 489.108, subsection 5, Code 2013, is 12 amended to read as follows: 13 5. This article does not control the use of fictitious 14 names. However, if a limited liability company uses a 15 fictitious name in this state, it shall deliver to the 16 secretary of state for filing a certified copy of the 17 resolution of its members if it is member-managed or its 18 managers if it is manager-managed, adopting the fictitious 19 name. For a member-managed limited liability company, the 20 copy shall be certified by a member, and for a manager-managed 21 limited liability company, the copy shall be certified by a 22 manager. 23 Sec. 149. Section 489.1103, Code 2013, is amended to read 24 as follows: 25 489.1103 Name. 26 1. The name of a professional limited liability company, 27 the name of a foreign professional limited liability company or 28 its name as modified for use in this state, and any fictitious 29 name or trade name adopted by a professional limited liability 30 company or foreign professional limited liability company 31 shall contain the words “professional limited liability 32 company”, “professional limited company”, or the abbreviation 33 “P. L. L. C.”, “PLLC”, “P. L. C.”, or “PLC”, and except for 34 the addition of such words or abbreviation, shall be a name 35 -62- LSB 1247DP (11) 85 da/nh 62/ 70
S.F. _____ H.F. _____ which could lawfully be used by a licensed individual or by a 1 partnership of licensed individuals in the practice in this 2 state of a profession which the professional limited liability 3 company is authorized to practice. 4 2. Each regulating board may by rule adopt additional 5 requirements as to the corporate names and fictitious or trade 6 names of professional limited liability companies and foreign 7 professional limited liability companies which are authorized 8 to practice a profession which is within the jurisdiction of 9 the regulating board. 10 Sec. 150. Section 490.401, subsection 5, Code 2013, is 11 amended to read as follows: 12 5. This chapter does not control the use of fictitious 13 names ; however, . However, if a corporation or a foreign 14 corporation uses a fictitious name in this state it shall 15 deliver to the secretary of state for filing a copy of 16 the resolution of its board of directors, certified by 17 its secretary an officer of the corporation , adopting the 18 fictitious name. 19 Sec. 151. Section 499.4, Code 2013, is amended to read as 20 follows: 21 499.4 Use of term “cooperative” restricted. 22 1. A person including a corporation hereafter organized, 23 which is not an association as defined in this chapter or a 24 cooperative as defined in chapter 501 or 501A , shall not use 25 the word “cooperative” or any abbreviation thereof in its 26 name or advertising or in any connection with its business, 27 except foreign associations admitted under section 499.54 . The 28 attorney general or any association or any member thereof may 29 sue and enjoin such use. 30 2. This chapter does not control the use of fictitious 31 names ; however, . However, if a cooperative association or a 32 foreign cooperative association uses a fictitious name in this 33 state, it shall deliver to the secretary of state for filing 34 a copy of the resolution of its board of directors, certified 35 -63- LSB 1247DP (11) 85 da/nh 63/ 70
S.F. _____ H.F. _____ by its secretary an officer of the association , adopting the 1 fictitious name. 2 Sec. 152. Section 501A.301, subsection 5, Code 2013, is 3 amended to read as follows: 4 5. This chapter does not control the use of fictitious 5 names ; however, . However, if a cooperative uses a fictitious 6 name in this state, the cooperative shall deliver to the 7 secretary for filing a certified copy of the resolution of 8 the cooperative certified by an officer of the cooperative, 9 adopting the fictitious name. 10 Sec. 153. Section 504.401, subsection 5, Code 2013, is 11 amended to read as follows: 12 5. This chapter does not control the use of fictitious 13 names ; however, . However, if a corporation or a foreign 14 corporation uses a fictitious name in this state, it shall 15 deliver to the secretary of state for filing a copy of 16 the resolution of its board of directors, certified by 17 its secretary an officer of the corporation , adopting the 18 fictitious name. 19 EXPLANATION 20 BACKGROUND. Generally, this Act amends provisions which 21 relate to business entities that are formed under the laws 22 of this state or organized under the laws of a different 23 state, and allowed to do business in this state, by filing 24 certain documents with the secretary of state and conducting 25 operations in a manner consistent with those laws. In the case 26 of a domestic entity, the secretary of state recognizes its 27 existence and in the case of a foreign entity, the secretary 28 of state authorizes its right to do business in this state. 29 Each of the various types of business entities is governed by a 30 separate Code chapter, often derived from legislation proposed 31 by national organizations such as uniform acts by the national 32 conference of commissioners on uniform state laws including 33 the revised uniform partnership Act herein referred to as 34 “UPA” (Code chapter 486A), the uniform limited partnership 35 -64- LSB 1247DP (11) 85 da/nh 64/ 70
S.F. _____ H.F. _____ Act herein referred to as “ULPA” (Code chapter 488), and 1 the revised uniform limited liability company Act herein 2 referred to as “RULLCA” (Code chapter 489). Alternatively, 3 several Code chapters derive from model legislation proposed 4 by the American bar association including the Iowa business 5 corporation Act herein referred to as “IBCA”(Code chapter 490) 6 and the revised Iowa nonprofit corporation Act herein referred 7 to as “RINCA” (Code chapter 504). Iowa uniquely includes a 8 number of Code chapters governing cooperative associations, 9 sometimes simply known as cooperatives, including those herein 10 referred to as traditional cooperatives (Code chapter 499) or 11 closed cooperatives (Code chapter 501). Iowa also recognizes 12 a type of cooperative, a cooperative-corporation, under the 13 Iowa cooperative associations Act herein referred to as “ICAA” 14 which in some form has been enacted in other states (Code 15 chapter 501A). A special chapter governs multiple housing 16 organizations organized on a cooperative basis (Code chapter 17 499A). Notwithstanding that these chapters originate from 18 different sources, their provisions are often very similar. 19 DIVISION I —— STREET ADDRESS REQUIREMENTS. The bill amends 20 provisions in all the Code chapters listed above, which include 21 provisions affecting organizations under the UPA, ULPA, RULLCA, 22 IBCA, and RINCA; as well as the listed cooperatives. The Code 23 chapters currently all require a business entity to provide an 24 address in certain circumstances, which is sometimes specified 25 as a street address, mailing address, or post office address; 26 but which is more often not specified. The bill provides 27 that the address is always limited to a street address. The 28 provisions refer to addresses of persons involved in managing 29 or participating in the business entity, investing in the 30 entity, or representing the entity. For example, in the 31 case of a corporation under the IBCA, the bill’s amendments 32 would affect a corporation’s procedures for notifying its 33 shareholders (Code sections 490.141, 490.720, 490.1303, and 34 490.1606); notifying potential claimants of its dissolution 35 -65- LSB 1247DP (11) 85 da/nh 65/ 70
S.F. _____ H.F. _____ (Code sections 490.1406 and 490.1407), and completing documents 1 required to be filed with the secretary of state, including its 2 articles of incorporation (Code section 490.202), reserving 3 a name (Code section 490.402), listing its registered office 4 or agent (Code sections 490.1503), providing for service of 5 process to a foreign corporation (Code section 490.1520), and 6 submitting biennial reports (Code section 490.1622). 7 DIVISION II —— DELIVERY OF FILED RECORDS TO A BUSINESS 8 ENTITY OR REQUESTOR. The bill amends the ULPA and RULLCA 9 Code chapters. The ULPA requires the secretary of state to 10 file a record of a statement of dissociation or statement 11 of withdrawal when the partnership is to be dissolved (Code 12 section 488.206). The RULLCA requires the secretary of state 13 to file a record of a statement of denial by a person who 14 objects to authority conferred upon that person by a limited 15 liability company (Code section 489.205). In both cases the 16 bill provides that the secretary of state shall only send a 17 copy of the filed statement and fees received to the person on 18 whose behalf the record was filed. In the case of the ULPA, 19 the secretary of state is no longer required to send a copy 20 of the filed statement and receipt of the fee to the limited 21 partnership. In the case of the RULLCA, the secretary of state 22 is no longer required to send a copy of the record and receipt 23 of a fee to the limited liability company. In both cases, the 24 secretary of state is no longer required to send the requestor 25 a certified copy of the record. 26 DIVISION III —— PROOF OF EXISTENCE OR AUTHORIZATION. The 27 bill amends the ULPA, RULLCA, IBCA, ICAA, and RINCA Code 28 chapters. Specifically, each Code chapter requires the 29 secretary of state to issue a certificate of existence to 30 a domestic business entity or a certificate of authority 31 (sometimes referred to as a certificate of authorization) to 32 a foreign entity. The certificate is conclusive evidence of 33 the entity’s status (that a domestic entity exists or that a 34 foreign entity is authorized to do business in this state). 35 -66- LSB 1247DP (11) 85 da/nh 66/ 70
S.F. _____ H.F. _____ To a great extent, the similar provisions in the two uniform 1 Acts (the ULPA and the RULLCA) are amended to conform with the 2 provisions in the IBCA. The other Code chapters (the ICAA and 3 the RINCA) are also amended, although their provisions more 4 closely resemble the IBCA. 5 In the case of the ULPA and the RULLCA, a certificate must 6 still include the entity’s name, state that all fees and 7 penalties due the secretary of state have been paid, state 8 that the entity filed its most recent biennial report with the 9 secretary of state, and allow for other information required by 10 the secretary of state. For a domestic entity, the certificate 11 must still state that the entity is duly formed under state 12 law and, for a foreign entity, it must still state that the 13 entity is authorized to transact business in this state. For 14 a domestic entity, it must state that the secretary of state 15 has not filed a statement of dissolution or termination. For a 16 foreign entity, a certificate is no longer required to state 17 that the certificate of authority has not been revoked. 18 DIVISION IV —— AMENDED CERTIFICATES OF AUTHORITY. The bill 19 amends the ULPA, RULLCA, IBCA, ICAA, and RINCA Code chapters. 20 In each case a similar provision allows a foreign business 21 entity to apply to the secretary of state for purposes of 22 amending its certificate of authority. The bill amends each 23 Code chapter in the same way by adding a provision which allows 24 the foreign business entity to obtain an amended certificate of 25 authority from the secretary of state. 26 DIVISION V —— BIENNIAL REPORTS. The bill amends the 27 ULPA, RULLCA, IBCA, and RINCA Code chapters as well as the 28 Code chapters governing traditional cooperatives, closed 29 cooperatives, and cooperative corporations. The Code chapter 30 governing traditional cooperatives includes Code section 31 499.49, which adopts the IBCA reporting requirements by 32 reference. The bill expressly amends the Code chapters 33 governing closed cooperatives and corporation-cooperatives 34 which include similar reporting requirements. Note that the 35 -67- LSB 1247DP (11) 85 da/nh 67/ 70
S.F. _____ H.F. _____ provisions establishing biennial reporting are unique to 1 Iowa. (See 1997 Iowa Acts, ch. 171, which amends the IBCA by 2 replacing annual reporting requirements with biennial reporting 3 requirements and makes similar changes in other Code chapters 4 governing partnerships and cooperatives.) The bill amends all 5 these Code chapters by harmonizing language (e.g., changing 6 the term “sets forth” to “includes”). In addition, it makes 7 substantive changes to each relevant Code section. The bill 8 provides that a biennial report must include the domestic 9 entity’s name as it appears in its certificate of existence 10 and the foreign entity’s name as used in its certificate of 11 authority. It qualifies the address information of persons 12 connected with the entity to require the street address. For 13 example, in the case of an entity under the IBCA, the report 14 must include the street address of its registered office and 15 registered agent, its principal office, and its officers. The 16 bill also requires a report of a foreign entity to include 17 the state or other jurisdiction in which the entity was 18 formed (e.g., incorporated), and it requires that the report 19 be current as of the date that it is executed rather than 20 delivered to the secretary of state for filing. The bill does 21 not alter the date or year that the report must be submitted 22 (for certain entities in even-numbered years and for the 23 remaining entities in odd-numbered years). 24 DIVISION VI —— ADMINISTRATIVE DISSOLUTION AND REVOCATION. 25 The bill amends the ULPA, RULLCA, IBCA, and RINCA Code chapters 26 as well as Code chapters governing traditional cooperatives, 27 closed cooperatives, and cooperative-corporations. The bill 28 provides for administrative dissolution of a domestic entity 29 and the revocation of a certificate of authority issued 30 to a foreign entity. The ULPA and RULLCA each provide two 31 relevant Code sections, one Code section which provides for the 32 dissolution of a domestic entity and one Code section which 33 provides for the revocation of a certificate of authority. 34 The IBCA and the RINCA each provide four relevant Code 35 -68- LSB 1247DP (11) 85 da/nh 68/ 70
S.F. _____ H.F. _____ sections. In each Code chapter, two related Code sections 1 provide for the dissolution of a domestic entity issued a 2 certificate of existence and two related Code sections refer 3 to the revocation of a certificate of authority issued to a 4 foreign entity. For example, in the case of a corporation 5 under the IBCA, Code section 490.1420 provides “grounds” for 6 administrative dissolution and Code section 490.1421 provides 7 for the “procedure.” Similarly, Code section 490.1530 provides 8 grounds for the revocation of a certificate of authority and 9 Code section 490.1531 provides for the revocation procedure. 10 The Code chapter governing traditional cooperatives and closed 11 cooperatives includes only administrative dissolution Code 12 sections. The Code chapter governing cooperative-corporations 13 does not provide for administrative dissolution by the 14 secretary of state. 15 The bill amends the provisions to be consistent with the 16 approach of the ULPA and RULLCA, by including one Code section 17 that refers to administrative dissolution and one Code section 18 that refers to the revocation of a certificate of authority. 19 The bill provides a single Code section covering administrative 20 dissolution that includes language now in both the grounds and 21 procedures Code sections. Consequently, the bill eliminates 22 the procedure Code section in each Code chapter. The remaining 23 Code section in each Code chapter is combined with its 24 procedure section and that section is repeated with small 25 variations in all the relevant Code chapters. The bill also 26 adds a new provision in the combined Code section, taken from 27 the IBCA and RINCA Code chapters and the Code chapter governing 28 closed cooperatives, which appoints the secretary of state the 29 entity’s agent for service of process. 30 The bill also provides for the revocation of a foreign 31 entity’s certificate of authority in those Code chapters which 32 previously provided for such revocation, including the ULPA, 33 RULLCA, IBCA, and RINCA as well as the Code chapter governing 34 traditional cooperatives. The bill eliminates the previous 35 -69- LSB 1247DP (11) 85 da/nh 69/ 70
S.F. _____ H.F. _____ provisions and instead authorizes the secretary of state to 1 revoke a certificate if the foreign entity fails to comply 2 with a requirement set out in the relevant administrative 3 dissolution section, using the same procedures as for 4 dissolution. 5 DIVISION VII —— NAMING CONVENTIONS. The bill amends 6 the ULPA, RULLCA, IBCA, and RINCA Code chapters and 7 Code chapters governing traditional cooperatives and 8 cooperative-corporations. In all these cases, a domestic 9 entity may elect to use a fictitious name if a certified 10 copy of a resolution is sent to the secretary of state. The 11 bill provides that in the case of the ULPA Code chapter only 12 one general partner is required to certify the copy, and in 13 the case of the RULLCA Code chapter, only one member of a 14 member-managed limited liability company or one manager of 15 a manager-managed limited liability company is required to 16 certify the copy. In the case of the IBCA and RINCA Code 17 chapters, the bill allows any officer of a corporation to 18 certify the copy. Similarly, in the case of a traditional 19 cooperative or cooperative-corporation, any officer may also 20 certify a copy. 21 -70- LSB 1247DP (11) 85 da/nh 70/ 70
feedback