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IA HF2536
Bill
Status
2/16/2026
Primary Sponsor
Judiciary
Click for details
AI Summary
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Amends Iowa Code Section 486A.901 to establish definitions and procedures for converting domestic partnerships into other business entity types, including limited partnerships, limited liability companies, business corporations, nonprofit corporations, and business trusts.
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Allows Iowa partnerships to convert to either domestic organizations (formed under Iowa law) or foreign organizations (formed under another jurisdiction's laws).
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Defines key terms including "converted organization" (the entity after conversion), "converting organization" (the partnership before conversion), and specifies organizational documents required for each entity type.
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Covers multiple Iowa Code chapters governing different entity types: Chapter 486A (partnerships), Chapter 488 (limited partnerships), Chapter 489 (LLCs), Chapter 490 (business corporations), Chapter 504 (nonprofits), and Chapter 633A (business trusts).
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Establishes fee requirements for the conversion process as referenced in the bill title.
Legislative Description
A bill for an act providing for the conversion of partnerships into other forms of domestic or foreign organizations, and providing for fees.(Formerly HSB 211.)
Last Action
Subcommittee recommends passage.
2/26/2026