490A.1103 - AMENDMENT PURSUANT TO REORGANIZATION.
490A.1103 AMENDMENT PURSUANT TO REORGANIZATION. 1. A limited liability company's articles of organization may be amended without action by the members to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute if the articles of organization after amendment contain only provisions required or permitted by section 490A.303. 2. The individual or individuals designated by the court shall deliver to the secretary of state for filing articles of amendment setting forth all of the following: a. The name of the limited liability company. b. The text of each amendment approved by the court. c. The date of the court's order or decree approving the articles of amendment. d. The title of the reorganization proceeding in which the order or decree was entered. e. A statement that the court had jurisdiction of the proceeding under federal statute. 3. This section does not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan.
Section History: Recent Form 92 Acts, ch 1151, § 60