Category Archives: New Law

Iowa Law Protects LLC’s Owners From Personal Liability

Posted on May 21, 2013 by

A February 27, 2013 Iowa Court of Appeals opinion serves as yet another real-world example of how and why taking the time to set up a formal entity – in this case an Iowa LLC – can benefit and provide protection … Continue reading →

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PART II – 2013 Law Eliminates Statutory Authority to Recover Attorneys’ Fees in Derivative Litigation

Posted on May 18, 2013 by

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 recover reasonable attorneys fees … Continue reading →

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PART I – A Director’s Fiduciary Duty to Question and Disclose Information?

Posted on May 17, 2013 by

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) as approved by the … Continue reading →

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Governor Branstad Approves Changes to Iowa’s Business Corporation Act

Posted on May 15, 2013 by

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 approval from both the Iowa House of Representatives … Continue reading →

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Changes to the Iowa Model Business Corporation Act?

Posted on March 6, 2013 by

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 Corporation Act.  As of March 6, 2013, the bill, HSB143, has been introduced, … Continue reading →

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Does the Lack of a Succession Plan Constitute a Breach of Fiduciary Duty?

Posted on July 26, 2012 by

On June 21, 2012, in response to Plaintiff alleging HP’s Board of Directors breached their fiduciary duties to the company and its shareholders by failing to implement a succession plan, the Delaware Court of Chancery explained that it is “not … Continue reading →

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New Iowa Law Governing Service On Foreign Corporations

Posted on April 20, 2011 by

The Iowa House of Representatives and the Iowa Senate have both passed House File 565, entitled “Corporate Service & Names” (House Passed the bill, 90-0; Senate Passed the bill, 49-0).  The proposed law allows for service against a foreign corporation, which … Continue reading →

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