SF 2402: Providing for certain business entities acting under the jurisdiction of the secretary of state by providing for the removal of information from a filing based on a sworn affidavit and administrative dissolution based on the response to interrogatories

What it does

BACKGROUND. This bill amends or enacts provisions relating to different types of business entities existing under the jurisdiction of the secretary of state (secretary), and specifically the secretary’s filing office. A business entity is composed of one or more persons holding a legal interest in a for-profit business entity, cooperative interest in a cooperative association, or beneficial interest in a nonprofit business entity, with the interest holders pooling capital, and being shielded from personal liability from the acts or omissions of the business entity.

Senate subcommittee · named February 11, 2026

• Sen. Cherielynn Westrich (R) · cherielynn.westrich@legis.iowa.gov
• Sen. Izaah Knox (D) · izaah.knox@legis.iowa.gov
• Sen. Tom Shipley (R) · tom.shipley@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Better Business Bureau; Iowa Secretary of State

In plain words

1. February 11, 2026Filed in the Senate and sent to the Judiciary committee · as SSB 3165
2. February 11, 2026Senate subcommittee named: Westrich, Knox and Shipley · as SSB 3165
3. February 17, 2026Subcommittee recommended passing it · as SSB 3165
4. February 18, 2026Approved by the Senate committee, and given a new number: SF 2402 · as SSB 3165
5. February 19, 2026Filed in the Senate
6. February 19, 2026Approved by the Senate committee
7. April 29, 2026Withdrawn