A corporation may purchase the assets of another business. This would not be a merger or consolidation. In an acquisition situation, the purchaser does not necessarily become liable for the obligations of the business whose assets are being purchased unless the acquiring corporation agrees to be liable.
Pursuant the Model Business Corporation Act, a sale of all of the assets of a corporation requires approval of the corporation's shareholders if the disposition would leave the corporation without a significant continuing business activity.
Iowa Offer to Purchase Assets of a Corporation
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How to fill out Offer To Purchase Assets Of A Corporation?
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558.44 Mandatory recordation of conveyances and leases of agricultural land.
558.70 Contract disclosure statement required for certain residential real estate installment sales.
558.31 Proof of execution and delivery in lieu of acknowledgment.
The county recorder shall record a conveyance or lease of agricultural land presented for recording even though not presented within one hundred eighty days after the date of conveyance or lease.
Disclosure Laws for Iowa Home Sales Iowa Code 558A requires sellers to deliver written disclosure statements to a person interested in buying a property before they have made a formal offer or the offer has been accepted.
If the seller believes the buyer is violating the land contract's terms, this is called a default. Iowa Code §656.2 requires the lender to give the borrower a thirty-day written "Notice of Forfeiture of Real Estate Contract" before the seller can forfeit the land contract.
To exercise the Option to Purchase, the Buyer/ Tenant must deliver to the Seller/Landlord written notice of Buyer/Tenant's intent to purchase. In addition, the written notice must specify a valid closing date.
Disclosure Law in Iowa for Home Sales The legal basis for this disclosure requirement is Iowa Code § 558A, which requires you, as a seller, to deliver a written disclosure statement to a person interested in buying your property before they've made a written offer or you've accepted it.
