A bill for an act providing for an assignment of assets for the benefit of creditors, exempting the related tax on the transfer of real estate, and including effective date provisions.

SF 2213 establishes Iowa's "Uniform Assignment for Benefit of Creditors Act," creating a legal process for debtors (individuals or businesses with Iowa ties) to transfer all assets to a third party (assignee) to pay creditors. The key provision exempts real estate transfers made under this process from state transfer taxes, reducing costs for debtors using this method. It defines terms like "assignor" (the debtor), "assignee," and "assignment estate" to standardize the procedure. This bill directly affects Iowa residents and businesses seeking a structured debt resolution path without triggering real estate transfer taxes.