{"data":{"id":"us-ia/iowa-code-489.407a","jurisdiction":"us-ia","citation":"Iowa Code § 489.407A","heading":"Real estate interest transferred by limited liability company or foreign limited liability company.","body":"1. A transfer of an interest in real estate situated in this state held by a limited liability company or a registered foreign limited liability company authorized to do business in this state is subject to the provisions of this section.\n2. a. In a member-managed limited liability company, a transfer of an interest in real estate held by the company may be undertaken by any of the following:\n(1) As provided in the operating agreement, or if the operating agreement does not so provide, only with the consent of all members.\n(2) As provided in a statement of authority filed by the limited liability company with the secretary of state and the recorder of the county where the real estate is situated pursuant to section 489.302.\nb. A requirement of paragraph “a” is applicable to every transfer of an interest in real estate situated in this state held by a member-managed limited liability company, whether or not the transfer is in the ordinary course of the company’s business.\n3. a. In a manager-managed limited liability company, a transfer of an interest in real estate held by the company may be undertaken by any of the following:\n(1) As provided in the operating agreement, or if the operating agreement does not so provide, only with the consent of a majority of all managers.\n(2) As provided in a statement of authority filed by the limited liability company with the secretary of state and the recorder of the county where the real estate is situated pursuant to section 489.302.\nb. A requirement in paragraph “a” is applicable to every transfer of an interest in real estate situated in this state held by a manager-managed limited liability company, whether or not the transfer is in the ordinary course of the company’s business.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 489 - UNIFORM LIMITED LIABILITY COMPANY ACT","Subchapter IV - RELATIONS OF MEMBERS TO EACH OTHER AND TO LIMITED LIABILITY COMPANY"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/489.407A.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"6dacf2065900ddfddac11b7f85635999429921db6f084b481414bde45893e307","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-489.407","next":"us-ia/iowa-code-489.408"},"notice":"GroundRules: Original legal text. Not legal advice."}