Iowa Agreement to Devise or Bequeath Property of a Business Transferred to Business Partner

State:
Multi-State
Control #:
US-0662BG
Format:
Word; 
Rich Text
Instant download

Description

This contractual agreement provides for the control of the company to remain in the remaining owner of the company but the value of the company passes to the beneficiary of the deceased owner's beneficiary. This may be a valuable agreement where the spouse or the children of the owners do not wish to carry on the business. Further, the agreement has remained flexible for amendments and dissolution in the case of changed circumstances.
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FAQ

Code 902.8 in Iowa deals with the penalties for certain misdemeanors, including unlawful practices related to property transactions. This code can impact business partners who are navigating the complexities of property agreements such as the Iowa Agreement to Devise or Bequeath Property of a Business Transferred to Business Partner. To ensure full compliance and avoid potential penalties, consulting with platforms like USLegalForms can provide valuable resources and guidance.

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Iowa Agreement to Devise or Bequeath Property of a Business Transferred to Business Partner