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Iowa Code (Last Updated: December 05, 2016) |
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Title XV. JUDICIAL BRANCH AND JUDICIAL PROCEDURES |
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Chapter 633A. IOWA TRUST CODE |
Section 633A.1101. Short title. |
Section 633A.1102. Definitions. |
Section 633A.1103. Per stirpes rule of descent. |
Section 633A.1104. Common law of trusts. |
Section 633A.1105. Trust terms control. |
Section 633A.1106. General rule concerning application of the Iowa trust code. |
Section 633A.1107. Scope of trust code. |
Section 633A.1108. Governing law. |
Section 633A.2101. Methods of creating trusts. |
Section 633A.2102. Requirements for validity. |
Section 633A.2103. Statute of frauds. |
Section 633A.2104. Trust purposes. |
Section 633A.2105. Honorary trusts — trusts for pets. |
Section 633A.2106. Resulting trusts. |
Section 633A.2107. Constructive trusts. |
Section 633A.2201. Termination of trust. |
Section 633A.2202. Modification or termination by settlor and all beneficiaries. |
Section 633A.2203. Termination of irrevocable trust or modification of dispositive provisions of irrevocable trust by court. |
Section 633A.2204. Modification of administrative provisions by court for change of circumstances. |
Section 633A.2205. Noncharitable trust with uneconomically low value. |
Section 633A.2206. Reformation — tax objectives. |
Section 633A.2207. Combination of trusts. |
Section 633A.2208. Division of trusts. |
Section 633A.2301. Rights of beneficiary, creditor, and assignee. |
Section 633A.2302. Spendthrift protection recognized. |
Section 633A.2303. Spendthrift trusts for the benefit of settlor. |
Section 633A.2304. Amount reachable by creditors or transferees of settlor. |
Section 633A.2305. Discretionary trusts — effect of standard. |
Section 633A.2306. Court action — trustee’s discretion. |
Section 633A.2307. Overdue mandatory distribution. |
Section 633A.3101. Competency to create, revoke, or modify a revocable trust. |
Section 633A.3102. Revocation or modification. |
Section 633A.3103. Other rights of settlor. |
Section 633A.3104. Claims against revocable trust. |
Section 633A.3105. Rights of and claims against holder of general power of appointment. |
Section 633A.3106. Children born or adopted after execution of a revocable trust. |
Section 633A.3107. Effect of divorce or dissolution. |
Section 633A.3108. Limitation on contest of revocable trust. |
Section 633A.3109. Limitation on creditor rights against revocable trust assets after settlor’s death. |
Section 633A.3110. Notice to creditors, heirs, and surviving spouse. |
Section 633A.3111. Rights of trustee regarding claims in a probate administration. |
Section 633A.3112. Trustee’s liability for distributions. |
Section 633A.3113. Definitions — revocable trusts. |
Section 633A.3114. Allowance to surviving spouse. |
Section 633A.3115. Allowance to children who do not reside with surviving spouse. |
Section 633A.4101. Acceptance or declination to serve as trustee. |
Section 633A.4102. Trustee’s bond. |
Section 633A.4103. Actions by cotrustees. |
Section 633A.4104. Vacancy in office of trustee. |
Section 633A.4105. Filling vacancy. |
Section 633A.4106. Resignation of trustee. |
Section 633A.4107. Removal of trustee. |
Section 633A.4108. Delivery of property by former trustee. |
Section 633A.4109. Compensation of trustee. |
Section 633A.4110. Repayment for expenditures. |
Section 633A.4111. Notice of increased trustee’s fee. |
Section 633A.4201. Duty to administer trust — alteration by terms of trust. |
Section 633A.4202. Duty of loyalty — impartiality — confidential relationship. |
Section 633A.4203. Standard of prudence. |
Section 633A.4204. Costs of administration. |
Section 633A.4205. Special skills. |
Section 633A.4206. Delegation. |
Section 633A.4207. Directory powers. |
Section 633A.4208. Cotrustees. |
Section 633A.4209. Control and safeguarding of trust property. |
Section 633A.4210. Separation and identification of trust property. |
Section 633A.4211. Enforcement and defense of claims and actions. |
Section 633A.4212. Prior fiduciaries. |
Section 633A.4213. Duty to inform and account. |
Section 633A.4214. Duties with regard to discretionary powers. |
Section 633A.4301. Short title. |
Section 633A.4302. Standard of care — portfolio strategy — risk and return objectives. |
Section 633A.4303. Diversification. |
Section 633A.4304. Duties at inception of trusteeship. |
Section 633A.4305. Loyalty. |
Section 633A.4306. Impartiality. |
Section 633A.4307. Investment costs. |
Section 633A.4308. Reviewing compliance. |
Section 633A.4309. Language invoking prudent investor rule. |
Section 633A.4401. General powers — fiduciary duties. |
Section 633A.4402. Specific powers of trustees. |
Section 633A.4501. Violations of duties — breach of trust. |
Section 633A.4502. Breach of trust — actions. |
Section 633A.4503. Breach of trust — liability. |
Section 633A.4504. Limitation of action against trustee. |
Section 633A.4505. Exculpation of trustee. |
Section 633A.4506. Beneficiary’s consent, release, or affirmance — nonliability of trustee. |
Section 633A.4507. Attorney fees and costs. |
Section 633A.4601. Personal liability — limitations. |
Section 633A.4602. Dissenting cotrustees. |
Section 633A.4603. Obligations of third parties. |
Section 633A.4604. Certification of trust. |
Section 633A.4605. Liability for wrongful taking, concealing, or disposing of trust property. |
Section 633A.4606. Interest as general partner. |
Section 633A.4701. Survivorship with respect to future interests under terms of trust — substitute takers. |
Section 633A.4702. Discretionary language prevails over other standard. |
Section 633A.4703. General order for abatement. |
Section 633A.4704. Simultaneous death. |
Section 633A.4705. Principal and income. |
Section 633A.4706. Small distributions to minors — payment. |
Section 633A.4707. Person causing death. |
Section 633A.5101. Charitable purposes. |
Section 633A.5102. Application of cy pres. |
Section 633A.5103. Trust with uneconomically low value. |
Section 633A.5104. Interested persons — proceedings. |
Section 633A.5105. Charitable trusts. |
Section 633A.5106. Settlor — enforcement of charitable trust — designation. |
Section 633A.5107. Filing requirements. |
Section 633A.5108. Role of the attorney general. |
Section 633A.6101. Subject matter jurisdiction. |
Section 633A.6102. Principal place of administration of trust. |
Section 633A.6103. Jurisdiction over trustees and beneficiaries. |
Section 633A.6104. County of venue. |
Section 633A.6105. Transfer of jurisdiction. |
Section 633A.6201. Judicial intervention intermittent. |
Section 633A.6202. Petitions — purposes of proceedings. |
Section 633A.6301. Definition and applicability. |
Section 633A.6302. Representation by holders of powers. |
Section 633A.6303. Representation by fiduciaries and parents. |
Section 633A.6304. Representation by holders of similar interests. |
Section 633A.6305. Notice of judicial settlement. |
Section 633A.6306. Appointment of guardian ad litem. |
Section 633A.6307. Appointment of special representative. |
Section 633A.6308. Nonjudicial settlement agreements. |