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90th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026

HSB 659: HSB 659

Became HF 2582 · Its progress continues under the new number.

What it does

GENERAL. This bill amends provisions in the uniform limited liability company Act (Code chapter 489) originally enacted in 2008 and rewritten during the 2023 legislative session (2023 Iowa Acts, chapter 152). The 2023 Iowa Act was based on a proposed Act (model legislation) approved and recommended by the national conference on commissioners on uniform state laws, also named the uniform law commissioners (ULC), which includes commissioners appointed by the Governor (Code chapter 5). A limited liability company (LLC), or simply “company”, is a type of unincorporated business entity formed for the acquisition of capital (contributions) from, and the payout of receipts (distributions) to, its investors (members).

Sponsors

Not listed

Cost

No fiscal note

House subcommittee · named February 6, 2024

  • Rep. Brian K. Lohse (R) · brian.lohse@legis.iowa.gov
  • Rep. Jon Dunwell (R)
  • Rep. Lindsay James (D) · lindsay.james@legis.iowa.gov

Lobbying · 3 for, 0 against

For: Iowa Secretary of State; Iowa State Bar Association; Uniform Law Commission

In plain words

  1. February 6, 2024Filed in the House and sent to the Judiciary committee
  2. February 6, 2024House subcommittee named: Lohse, Dunwell and James
  3. February 12, 2024Subcommittee recommended passing it
  4. February 14, 2024Approved by the House committee
  5. February 19, 2024Approved by the House committee, and given a new number: HF 2582

From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Tuesday, November 10, 2026. https://iowafunnel.com/bills/90/HSB659