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SF 2402

A bill for an act providing for certain business entities acting under the jurisdiction of the secretary of state by providing for the removal of information from a filing based on a sworn affidavit and administrative dissolution based on the response to interrogatories.

2025-2026 Regular Session

Iowa bill allows businesses to remove filed information via sworn affidavit and enables Secretary of State to administratively dissolve entities based on interrogatory responses.

Withdrawn.
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Bill Summary · SF 2402

Legislative bill overview

SF 2402 allows business entities registered with Iowa's Secretary of State to request removal of certain filing information through a sworn affidavit and establishes a process for administrative dissolution of businesses based on their responses to interrogatories. The bill streamlines procedures for information management and business dissolution under state jurisdiction.

Why is this important

These changes affect how businesses interact with state registration requirements and could impact business privacy, compliance enforcement, and the administrative burden on both businesses and the Secretary of State's office. The ability to remove filed information and the new dissolution mechanism may alter how Iowa maintains business records and enforces regulatory compliance.

Potential points of contention

  • Information removal standards: Unclear what types of information can be removed and what "sworn affidavit" justification is sufficient, potentially creating inconsistency or abuse
  • Dissolution mechanics: The connection between interrogatory responses and administrative dissolution could be used to dissolve inactive or non-responsive businesses, affecting owners who may dispute the validity
  • Due process concerns: Limited detail on appeals or remedies if businesses believe removals or dissolutions were improper or based on clerical errors

Compiled from official sources — confirm details with the bill’s official record.

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