Iowa Code § 633A.4201

Current through bills signed by governor as of 4/19/2024
Section 633A.4201 - Duty to administer trust - alteration by terms of trust
1. On acceptance of a trust, the trustee shall administer the trust according to the terms of the trust and according to this trust code, except to the extent the terms of the trust provide otherwise.
2. The terms of the trust may expand, restrict, eliminate, or otherwise alter the duties prescribed by this trust code, and the trustee may reasonably rely on those terms, but nothing in this trust code authorizes a trustee to act in bad faith or in disregard of the purposes of the trust or the interest of the beneficiaries.

Iowa Code § 633A.4201

99 Acts, ch 125, §47, 109C2001, § 633.4201 2005 Acts, ch 38, §54CS2005, § 633A.4201