Iowa HF2678 amends provisions governing business entities by allowing the removal of false information in filings and administrative dissolution.

Iowa HF2678 amends provisions governing various business entities, including partnerships, limited liability companies, business corporations, traditional cooperative associations, and nonprofit corporations. The bill allows the secretary of state to remove false information from filings based on a sworn affidavit of unauthorized use. It also authorizes the secretary to serve interrogatories on business entities if credible information suggests fraudulent, criminal, or unlawful use. Failure to respond to interrogatories or a confession of wrongdoing can lead to administrative dissolution.

Iowa HF2678 amends provisions governing business entities by allowing the removal of false information in filings and administrative dissolution.

Iowa HF2678 amends provisions governing various business entities, including partnerships, limited liability companies, business corporations, traditional cooperative associations, and nonprofit corporations. The bill allows the secretary of state to remove false information from filings based on a sworn affidavit of unauthorized use. It also authorizes the secretary to serve interrogatories on business entities if credible information suggests fraudulent, criminal, or unlawful use. Failure to respond to interrogatories or a confession of wrongdoing can lead to administrative dissolution.