Iowa Administrative Code
Agency 261 - Economic Development Authority
Part IV - Business Development Division
Chapter 56 - Employee Stock Ownership Plan (ESOP) Formation Assistance
Rule 261-56.1 - Purpose
Universal Citation: IA Admin Code 261-56.1
Current through Register Vol. 47, No. 6, September 18, 2024
The authority is authorized to provide financial and technical assistance to businesses interested in establishing an employee stock ownership plan (ESOP). The purpose of this chapter is to create a program that will assist a business by (1) helping to determine whether an ESOP is a feasible form of ownership and (2) providing assistance to reduce the cost of forming an ESOP when it is feasible.
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