Iowa legislation · 91st General Assembly
Iowa SF2213: A BILL FOR An Act providing for an assignment of assets for the benefit of creditors, exempting the related tax on the transfer of real estate, and including effective date provisions
Status: In committee, April 15, 2026
An Act providing for an assignment of assets for the benefit of creditors, exempting the related tax on the transfer of real estate, and including effective date provisions.
What the bill says
A bill FOR An Act providing for an assignment of assets for the benefit of creditors, exempting the related tax on the transfer of real estate, and including effective date provisions.
From the introduced text, February 5, 2026:
A BILL FOR An Act providing for an assignment of assets for the benefit of creditors, exempting the related tax on the transfer of real estate, and including effective date provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5531XS (4) da/jh S.F. 2213 DIVISION I PRINCIPAL PROVISIONS Section 1. NEW SECTION. 681A.1 Title. This chapter may be cited as the "Uniform Assignment for Benefit of Creditors Act". Sec. 2. NEW SECTION. 681A.2 Definitions. As used in this chapter, unless the context otherwise requires: 1. "Affiliate" means any of the following: a. A person that directly or indirectly owns, controls, or holds, with power to vote, twenty percent or more of the outstanding voting interests of another person, other than a person that holds the interests as any of the following: (1) In a fiduciary or agency capacity without sole discretionary power to vote the interests. (2) Solely to secure a debt, if the person has not in fact exercised the power to vote. b. A person with twenty percent or more of the person's outstanding voting interests directly or indirectly owned, controlled, or held, with power to vote, by another person. c. A person whose business is operated under a lease or operating agreement by another person, or a person substantially all of whose …
Sponsors
- Annette Sweeney (R, 27) · primary sponsor
Latest actions
- : Committee report approving bill, renumbered as SF 2497 . S.J. 808 .
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 03/10/2026 1:00PM Room 315.
- : Subcommittee: Bousselot, Koelker, and Quirmbach. S.J. 418 .
- : Referred to Ways and Means. S.J. 376 .
- : Placed on calendar.
- : Committee report, recommending passage. S.J. 335 .
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 02/12/2026 12:30PM Room 315.
- : Subcommittee: Bousselot, Blake, and Webster. S.J. 244 .
Votes
- Committee report, recommending passage. S.J. 335 . (February 19, 2026): 17 yea, 0 nay, passed
Subjects: security interests, commercial law, tax exemptions, business entities, liens, taxation, creditors, titles (property)
Common questions
- What is SF2213?
- SF2213 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act providing for an assignment of assets for the benefit of creditors, exempting the related tax on the transfer of real estate, and including effective date provisions.
- What does SF2213 do?
- In its own words: A bill FOR An Act providing for an assignment of assets for the benefit of creditors, exempting the related tax on the transfer of real estate, and including effective date provisions.
- What is the status of SF2213?
- In committee as of April 15, 2026. Latest action: Committee report approving bill, renumbered as SF 2497 . S.J. 808 . (April 15, 2026).
- Who sponsored SF2213?
- Annette Sweeney (R, 27).
- Where is the official record for SF2213?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=SF+2213&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.