Iowa Code § 633A.4208

Current through bills signed by governor as of 5/17/2024
Section 633A.4208 - Cotrustees
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.

Iowa Code § 633A.4208

99 Acts, ch 125, §54, 109C2001, § 633.4208 2005 Acts, ch 38, §54CS2005, § 633A.4208