2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.4101 - ACCEPTANCE OR DECLINATION TO SERVE AS TRUSTEE.

        633A.4101  ACCEPTANCE OR DECLINATION TO SERVE AS
      TRUSTEE.
         1.  A person named as trustee accepts the office of trustee by
      doing one of the following:
         a.  Signing the trust instrument, or signing a separate
      written acceptance.
         b.  Except as provided in subsection 3, knowingly accepting
      delivery of the trust property or exercising powers or performing
      duties as trustee.
         2.  A person named as trustee who has not yet accepted the office
      of trustee may in writing decline to serve as trustee.
         3.  If there is an immediate risk of damage to the trust property,
      the person named as trustee may act to preserve the trust property
      without accepting the office of trustee, if within a reasonable time
      after acting, the person delivers a written declination to serve to
      the settlor, or if the settlor is dead or lacks capacity, to the
      beneficiaries eligible to receive income or principal distributions
      from the trust.  
         Section History: Recent Form
         99 Acts, ch 125, §36, 109; 2000 Acts, ch 1150, §20
         C2001, §633.4101
         2005 Acts, ch 38, §54
         CS2005, §633A.4101

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