2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.1108 - ABANDONMENT OF A MERGER OR SHARE EXCHANGE.

        490.1108  ABANDONMENT OF A MERGER OR SHARE EXCHANGE.

         1.  Unless otherwise provided in a plan of merger or share
      exchange or in the laws under which a foreign corporation or a
      domestic or foreign other entity that is a party to a merger or a
      share exchange is organized or by which it is governed, after the
      plan has been adopted and approved as required by this division, and
      at any time before the merger or share exchange has become effective,
      it may be abandoned by any party to the merger or share exchange
      without action by the party's shareholders or owners of interests, in
      accordance with any procedures set forth in the plan of merger or
      share exchange or, if no such procedures are set forth in the plan,
      in the manner determined by the board of directors of a corporation,
      or the managers of any other entity, subject to any contractual
      rights of other parties to the merger or share exchange.
         2.  If a merger or share exchange is abandoned under subsection 1
      after articles of merger or share exchange have been filed with the
      secretary of state but before the merger or share exchange has become
      effective, a statement that the merger or share exchange has been
      abandoned in accordance with this section, executed on behalf of a
      party to the merger or share exchange by an officer or other duly
      authorized representative, shall be delivered to the secretary of
      state for filing prior to the effective date of the merger or share
      exchange.  Upon filing, the statement shall take effect and the
      merger or share exchange shall be deemed abandoned and shall not
      become effective.  

         89 Acts, ch 288, §128; 2002 Acts, ch 1154, §72, 125