2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.1111 - CONVERSION.

        490.1111  CONVERSION.
         1.  An other entity may convert to a domestic corporation, and a
      domestic corporation may convert to an other entity pursuant to this
      section and sections 490.1112 through 490.1114 and a plan of
      conversion, if all of the following apply:
         a.  The other entity's governing statute authorizes the
      conversion.
         b.  The conversion is not prohibited by the law of the
      jurisdiction that enacted the governing statute.
         c.  The other entity complies with its governing statute in
      effecting the conversion.
         2.  A plan of conversion must be in a record and must include all
      of the following:
         a.  The name and form of the converting entity before
      conversion.
         b.  The name and form of the converted entity after
      conversion.
         c.  The terms and conditions of the conversion, including the
      manner and basis for converting interests in the converting entity
      into any combination of money, interests in the converted entity, and
      other consideration.
         d.  The organizational documents or articles of incorporation
      and bylaws of the converted entity.  
         Section History: Recent Form
         2008 Acts, ch 1162, §118, 155
         Referred to in § 490.1101, 490.1302

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