Iowa Code (Last Updated: December 05, 2016) |
Title XV. JUDICIAL BRANCH AND JUDICIAL PROCEDURES |
Chapter 633A. IOWA TRUST CODE |
Section 633A.4208. Cotrustees.
Latest version.
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1. If a trust has more than one trustee, each trustee shall perform all of the following duties:
a. Participate in the administration of the trust.
b. Take reasonable steps to prevent a cotrustee from committing a breach of trust, and to compel a cotrustee to redress a breach of trust.
2. A trustee who complies with subsection 1 is not liable to the beneficiaries or to the trust for the decisions or actions of a cotrustee.
C2001, §633.4208
CS2005, §633A.4208