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Changes to the Iowa Model Business Corporation Act?
In the 2013 Legislative Session (the 85th General Assembly), which began January 14, 2013, Iowa Legislators introduced new legislation that proposes several changes to Iowa’s Model Business...
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Governor Branstad Approves Changes to Iowa’s Business Corporation Act
As originally noted here, on March 6, 2013 a bill was introduced in the Iowa legislature to enact several changes to Iowa’s Business Corporation Act (Iowa Code Chapter 490). After receiving unanimous...
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PART I – A Director’s Fiduciary Duty to Question and Disclose Information?
PART I – 2013 Changes to the Iowa Business Corporation Act. This post is the first in a series of posts that will address several changes to the Iowa Business Corporation Act (Iowa Code Chapter 490)...
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PART II – 2013 Law Eliminates Statutory Authority to Recover Attorneys’ Fees...
PART II – 2013 Changes to the Iowa Business Corporation Act. This post addresses yet another substantive change to Iowa law – as adopted by the 2013 legislature – and which relates to the ability to...
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It’s Not My Signature, I Can’t Be Bound To That Contract! Not So Fast…
On October 18, 2013, the Iowa Supreme Court published its opinion in Life Investors Insurance Company of America vs. Estate of John M. Carrado and Federal City Region, Inc., No. 13-0102 (October 18,...
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Business Divorce in Iowa – Can I Kick a Fellow Member Out of My Iowa Business?
Iowa Business Divorce Unfortunately, like some marriages, the exciting and passionate fire that burns between business owners and drives them to come together to do amazing work is replaced by a dull...
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Business Owners Taking Legal Mulligans? Caution!
Successor Liability in Iowa The Legal Mulligan You May Not Want to Take While mulligans are commonplace on the golf course, they can spell trouble for business owners in the business world. In...
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2 Must Know Duties Between Partners in a Partnership
Legal Duties Between Iowa Partners The Holidays are upon us, and just as tempers can unfortunately flare during family gatherings, so too can they flare between partners at Holiday parties. And while...
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Howdy Partner, Show me Your Books!
Access to Books & Records in an Iowa Partnership Similar to shareholders in a corporation and members in a limited liability company, partners in a partnership are entitled to access the...
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Single Taxation Versus Double Taxation and the Iowa LLC
As discussed in this prior post, Iowa Limited Liability Companies have the benefit of electing to have a single layer of tax. When an LLC chooses a single layer of tax, LLCs are taxed as pass-through...
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