HSB 630: HSB 630

What it does

BACKGROUND. This bill amends provisions in the Iowa business corporation Act (IBCA) (Code chapter 490) as revised in HF 844 (2021 Iowa Acts, chapter 165) based on recommendations by the American bar association and published as the 2016 revised version of the “Model Business Corporation Act” (MBCA). The bill includes later additions to the MBCA relating to the use of electronic transmission to deliver and receive communications between a corporation and shareholders. The bill also makes changes to the use of grammar in provisions enacted in HF 844 and the terminology used in the MBCA and enacted in HF 844 to enhance the IBCA’s readability.

House subcommittee · named February 8, 2022

• Rep. Brian K. Lohse (R) · brian.lohse@legis.iowa.gov
• Rep. Bobby Kaufmann (R) · bobby.kaufmann@legis.iowa.gov
• Rep. Mary Lynn Wolfe (D)

Lobbying · 2 for, 0 against

For: Iowa Commission on Uniform State Laws c/o David S. Walker, Chair; Iowa State Bar Association

In plain words

1. January 28, 2022Filed in the House and sent to the Judiciary committee
2. January 28, 2022House subcommittee named: Lohse, Kaufmann and Prichard
3. February 8, 2022House subcommittee named: Lohse, Kaufmann and Wolfe
4. February 10, 2022Subcommittee recommended passing it
5. February 15, 2022Approved by the House committee
6. February 15, 2022Approved by the House committee, and given a new number: HF 2469