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Section 1: 25-NSE

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number 000-54383
Issuer: United Development Funding IV
Exchange: NASDAQ Stock Market LLC
(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)
Address:
1301 Municipal Way Suite 200
Grapevine,
TEXAS
76051
Telephone number: (214) 370-8960
(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)
Common Shares of Beneficial Interest
(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)
17 CFR 240.12d2-2(a)(2)
17 CFR 240.12d2-2(a)(3)
17 CFR 240.12d2-2(a)(4)
Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. 1
Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements for the Securities Exchange Act of 1934, NASDAQ Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2017-05-18 By Amy Horton Hearings Advisor
Date Name Title

1 Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.
NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number 000-54383
Issuer: United Development Funding IV
Exchange: NASDAQ Stock Market LLC
(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)
Address:
1301 Municipal Way Suite 200
Grapevine,
TEXAS
76051
Telephone number: (214) 370-8960
(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)
Common Shares of Beneficial Interest
(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)
17 CFR 240.12d2-2(a)(2)
17 CFR 240.12d2-2(a)(3)
17 CFR 240.12d2-2(a)(4)
Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. 1
Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements for the Securities Exchange Act of 1934, NASDAQ Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2017-05-18 By Amy Horton Hearings Advisor
Date Name Title

1 Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.
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Section 2: EX-99.25

On May 26, 2016, NASDAQ Listing Qualifications staff (Staff) notified 
United Development Funding IV (Company) that it determined to delist the
Company based on Rule 5250(c)(1).  On June 2, 2016, the Company exercised
its right to appeal the Staff's determination to the Listing 
Qualifications Hearings Panel (Panel) pursuant to Rule 5815.  A Panel
hearing was held on July 7, 2016.  On July 25, 2016, the Panel issued
a decision that granted the Company through September 12, 2016 to regain 
compliance.  The Company requested a further extension to October 17, 2016.
On September 14, 2016, the Panel granted this request. However, after the
Company informed the Panel that it wouldnot meet the October 17 deadline,
the Panel issued a delisting decision on October 17, 2016. On 
October 28, 2016, the Company exercised its right to appeal the Panel 
decision to the Nasdaq Listing and Hearing Review Council (Council)
pursuant to Rule 5820(a).  On January 20, 2017, the Council issued a
decision that affirmed the Panel decision to delist the Companys securities.
On April 27, 2017, the Company was provided notice that the Nasdaq
Board of Directors declined to call the Council decision for review
pursuant to Rule 5825(a).

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