{"data":{"id":"us-ia/iowa-code-489.14608","jurisdiction":"us-ia","citation":"Iowa Code § 489.14608","heading":"Application of section 489.14404 after merger.","body":"1. A creditor’s right that existed under section 489.14404 immediately before a merger under section 489.14604 may be enforced after the merger in accordance with all of the following:\na. A creditor’s right that existed immediately before the merger against the surviving company, a continuing protected series, or a relocated protected series continues without change after the merger.\nb. A creditor’s right that existed immediately before the merger against a nonsurviving company all of the following apply:\n(1) May be asserted against an asset of the nonsurviving company which vested in the surviving company as a result of the merger.\n(2) Does not otherwise change.\nc. Subject to subsection 2, all of the following apply:\n(1) In addition to the remedy stated in paragraph “a”, a creditor with a right under section 489.14404 which existed immediately before the merger against a nonsurviving company or a relocated protected series may assert the right against any of the following:\n(a) An asset of the surviving company, other than an asset of the nonsurviving company which vested in the surviving company as a result of the merger.\n(b) An asset of a continuing protected series.\n(c) An asset of a protected series established by the surviving company as a result of the merger.\n(d) If the creditor’s right was against an asset of the nonsurviving company, an asset of a relocated series.\n(e) If the creditor’s right was against an asset of a relocated protected series, an asset of another relocated protected series.\n(2) In addition to the remedy stated in paragraph “b”, a creditor with a right that existed immediately before the merger against the surviving company or a continuing protected series may assert the right against any of the following:\n(a) An asset of a relocated protected series.\n(b) An asset of a nonsurviving company which vested in the surviving company as a result of the merger.\n2. For the purposes of subsection 1, paragraph “c”, and section 489.14404, subsection 2, paragraph “a”, subparagraph (1); section 489.14404, subsection 2, paragraph “b”, subparagraph (1); and section 489.14404, subsection 2, paragraph “c”, subparagraph (1), the incurrence date is deemed to be the date on which the merger becomes effective.\n3. A merger under section 489.14604 does not affect the manner in which section 489.14404 applies to a liability incurred after the merger.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 489 - UNIFORM LIMITED LIABILITY COMPANY ACT","Subchapter XIV - UNIFORM PROTECTED SERIES ACT","Part 6 - ENTITY TRANSACTIONS RESTRICTED"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/489.14608.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"024ffefdda63a8bf5a45e46c3b87599743e513297007fe28b29dc3f003a971d0","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-489.14607","next":"us-ia/iowa-code-489.14609"},"notice":"GroundRules: Original legal text. Not legal advice."}