Iowa Code § 633A.4702

Current through bills signed by governor as of 5/17/2024
Section 633A.4702 - Discretionary language prevails over other standard

In the absence of clear and convincing evidence to the contrary, language in a governing instrument granting a trustee discretion to make or withhold a distribution shall prevail over any language in the governing instrument indicating that the beneficiary may have a legally enforceable right to distributions or indicating a standard for payments or distributions.

Iowa Code § 633A.4702

2004 Acts, ch 1015, §30C2005, § 633.4702 2005 Acts, ch 38, §54CS2005, § 633A.4702