Current through March 29, 2024
Section 633F.8 - General powers of custodial trustee1. A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property which an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.2. This section does not relieve a custodial trustee from liability for a violation of section 633F.7.Added by 2021 Iowa, ch 8, s 8, eff. 7/1/2021.