IA SF2213

Establishes the "Uniform Assignment for Benefit of Creditors Act" as new Iowa Code chapter 681A, providing a formal legal framework for insolvent businesses to transfer all assets to an assignee who liquidates them and distributes proceeds to creditors outside of bankruptcy court.

Exempts real estate transfers made under an assignment for the benefit of creditors from the state's real estate transfer tax, adding this exemption to Iowa Code section 428A.2.

Defines key terms including "affiliate" (20% or more voting interest ownership), "insider" (relatives, directors, officers, controlling parties), and "claim" (any creditor right to payment regardless of whether liquidated, contingent, or disputed).

Takes effect upon enactment rather than waiting for the standard July 1 effective date.