Iowa Code § 633A.5102

Current through bills signed by governor as of 5/9/2024
Section 633A.5102 - Application of cy pres

Unless the terms of the trust provide to the contrary the following apply:

1. A charitable trust does not fail, in whole or in part, if a particular purpose for which the trust was created becomes impracticable, unlawful, or impossible to fulfill.
2. If a particular charitable purpose for which a trust was created becomes impracticable, unlawful, or impossible to fulfill, the court may modify the terms of the trust or direct that the property of the trust be distributed in whole or in part in a manner best meeting the settlor's general charitable purposes. If an administrative provision of a charitable trust becomes impracticable, unlawful, impossible to fulfill, or otherwise impairs the effective administration of the trust, the court may modify the provision.

Iowa Code § 633A.5102

99 Acts, ch 125, §86, 109C2001, § 633.5102 2005 Acts, ch 38, §54CS2005, § 633A.5102