Iowa Code (Last Updated: December 05, 2016) |
Title XV. JUDICIAL BRANCH AND JUDICIAL PROCEDURES |
Chapter 633A. IOWA TRUST CODE |
Section 633A.4503. Breach of trust — liability.
Latest version.
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A beneficiary may charge a trustee who commits a breach of trust with the amount required to restore the value of the trust property and trust distributions to what they would have been had the breach not occurred, or, if greater, the amount of profit lost by reason of the breach.
C2001, §633.4503
CS2005, §633A.4503