Bill Text: IA SSB1090 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act relating to the filing of a trade name by a business.
Spectrum: Committee Bill
Status: (Introduced - Dead) 2023-01-30 - Subcommittee Meeting: 01/31/2023 11:30AM Room 315. [SSB1090 Detail]
Download: Iowa-2023-SSB1090-Introduced.html
Senate
Study
Bill
1090
-
Introduced
SENATE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
LOCAL
GOVERNMENT
BILL
BY
CHAIRPERSON
GREEN)
A
BILL
FOR
An
Act
relating
to
the
filing
of
a
trade
name
by
a
business.
1
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
2
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_____
Section
1.
Section
547.1,
Code
2023,
is
amended
to
read
as
1
follows:
2
547.1
Use
of
trade
name
——
verified
statement
required.
3
A
person
shall
not
engage
in
or
conduct
a
business
under
a
4
trade
name,
or
an
assumed
name
of
a
character
other
than
the
5
true
surname
of
each
person
owning
or
having
an
interest
in
6
the
business,
unless
the
person
first
records
with
the
county
7
recorder
of
the
county
in
which
the
business
is
to
be
conducted
8
files
with
the
secretary
of
state
a
verified
statement
showing
9
the
name,
post
office
address,
and
residence
address
of
each
10
person
owning
or
having
an
interest
in
the
business,
and
the
11
address
where
the
business
is
to
be
conducted.
However,
12
this
provision
does
not
apply
to
any
person
organized
or
13
incorporated
in
this
state
as
a
domestic
entity
or
authorized
14
to
do
business
in
this
state
as
a
foreign
entity
if
the
person
15
is
a
limited
partnership
under
chapter
488
;
a
limited
liability
16
company
under
chapter
489
;
a
corporation
under
chapter
490
;
a
17
professional
corporation
under
chapter
496C
;
a
cooperative
or
18
cooperative
association
under
chapter
497
,
498
,
499
,
501
,
or
19
501A
;
or
a
nonprofit
corporation
under
chapter
504
.
20
EXPLANATION
21
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
22
the
explanation’s
substance
by
the
members
of
the
general
assembly.
23
This
bill
relates
to
business
filings
of
trade
names.
24
The
bill
provides
that
a
person
doing
business
under
a
trade
25
name
in
the
state
shall
first
file
a
verified
statement
showing
26
the
name,
post
office
address,
residence
address,
and
business
27
address
of
each
person
owning
or
having
an
interest
in
the
28
business
with
the
secretary
of
state.
Current
law
provides
29
that
this
information
must
be
recorded
with
the
local
county
30
recorder.
The
bill
also
removes
several
exemptions
relating
31
to
filing,
including
that
the
person
is
a
limited
partnership,
32
limited
liability
company,
corporation,
professional
33
corporation,
cooperative
or
cooperative
association,
or
a
34
nonprofit
corporation.
35
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