Section 489.14107 - Additional limitations on operating agreement1. An operating agreement shall not vary the effect of any of the following: c. Section 489.14104, subsection 1.d. Section 489.14104, subsection 2, to provide a protected series a power beyond the powers this chapter provides a limited liability company.e. Section 489.14104, subsection 3 or 4.i. Section 489.14201, except to vary the manner in which a limited liability company approves establishing a protected series.m. Section 489.14303, subsection 1 or 2.n. Section 489.14304, subsection 3 or 6.o. Section 489.14401, except to decrease or eliminate a limitation of liability stated in section 489.14401.s. Section 489.14501, subsections 1, 4, and 5.t. Section 489.14502, except to designate a different person to manage winding up.y. A provision of this subchapter pertaining to any of the following:(2) The secretary of state, including provisions pertaining to records authorized or required to be delivered to the secretary of state for filing under this subchapter.2. An operating agreement shall not unreasonably restrict the duties and rights under section 489.14305 but may impose reasonable restrictions on the availability and use of information obtained under section 489.14305 and may provide appropriate remedies, including liquidated damages, for a breach of any reasonable restriction on use.2019 Acts, ch 26, §7, 41; 2022 Acts, ch 1021, §140; 2023 Acts, ch 152, §131, 161
Amended by 2023 Iowa, ch 152, s 131, eff. 1/1/2024.Amended by 2022 Iowa, ch 1021, s 140, eff. 7/1/2022.Added by 2019 Iowa, ch 26, s 7, eff. 7/1/2020.Referred to in §489.14106, 489.14108
2023 amendment to subsection 1, paragraphs v - y effective January 1, 2024; 2023 Acts, ch 152, §161
Subsection 1, paragraphs v - y amended