The bill amends the Iowa Code to enhance the authority of the Secretary of State in managing business entity filings, particularly in cases of suspected fraud. It introduces provisions that allow the Secretary to require documents to be submitted by mail or in person when credible information suggests fraudulent intent, which can include affidavits of unauthorized use and data from credible third-party sources. Additionally, individuals can submit sworn affidavits to remove unauthorized information from business filings, prompting an administrative review by the Secretary. The bill also establishes procedures for the Secretary to issue interrogatories to partnerships and limited partnerships suspected of unlawful use, with a specified timeframe for responses, and outlines consequences for non-compliance, including potential administrative dissolution.

Furthermore, the legislation extends similar provisions to associations and cooperatives, allowing the Secretary to serve written interrogatories based on credible information regarding fraudulent activities. It defines "credible information" and mandates that associations and cooperatives respond within 21 days, with failure to do so resulting in a concession of violation. The bill ensures that individuals whose information has been used without authorization can submit affidavits, leading to the removal of such information without any associated fees. Overall, the bill aims to strengthen the integrity of business registrations and protect individuals from unauthorized use of their personal information.

Statutes affected:
Introduced: 486A.1205, 486A.1201, 488.206, 488.809, 488.210B, 489.210, 489.708, 489.709, 489.212B, 490.120, 490.1420, 490.1421, 490.1621B, 499.44, 499.76, 499.77, 499.51, 501.105, 501.811, 501.812, 501.713B, 501A.201, 504.116, 504.111, 504.1421, 504.1422