489.1011 - ACTION ON PLAN OF DOMESTICATION BY DOMESTICATING LIMITED LIABILITY COMPANY. - Iowa Statutes

489.1011 ACTION ON PLAN OF DOMESTICATION BY DOMESTICATING LIMITED LIABILITY COMPANY. 1. A plan of domestication must be consented to as follows: a. By all the members, subject to section 489.1014, if the domesticating company is a limited liability company. b. As provided in the domesticating company's governing statute, if the company is a foreign limited liability company. 2. Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are delivered to the secretary of state for filing under section 489.1012, a domesticating limited liability company may amend the plan or abandon the domestication as follows: a. As provided in the plan. b. Except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.          Section History: Recent Form 2008 Acts, ch 1162, §81, 155 Referred to in § 489.1001, 489.1010