Iowa Code § 633A.5103

Current through bills signed by governor as of 5/17/2024
Section 633A.5103 - Trust with uneconomically low value
1. On petition by a trustee or other interested person, if the court determines that the value of the trust property is insufficient to justify the cost of administration involved, the court may appoint a new trustee or may modify or terminate the charitable trust.
2. Upon termination of a trust under this section, the court shall distribute the trust property in a manner consistent with the settlor's charitable purposes.

Iowa Code § 633A.5103

99 Acts, ch 125, §87, 109C2001, § 633.5103 2005 Acts, ch 38, §54CS2005, § 633A.5103