2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.4103 - ACTIONS BY COTRUSTEES.

        633A.4103  ACTIONS BY COTRUSTEES.
         Unless the terms of the trust provide otherwise, the following
      apply to actions of cotrustees:
         1.  A power held by cotrustees may be exercised by majority
      action.
         2.  If impasse occurs due to the failure to reach a majority
      decision, any trustee may petition the court to decide the issue, or
      a majority of the trustees may consent to an alternative form of
      dispute resolution.
         3.  If a vacancy occurs in the office of a cotrustee, the
      remaining cotrustees may act for the trust as if they are the only
      trustees.
         4.  If a cotrustee is unavailable to perform duties because of
      absence, illness, or other temporary incapacity, the remaining
      cotrustees may act for the trust, as if they were the only trustees,
      if necessary to accomplish the purposes of the trust or to avoid
      irreparable injury to the trust property.  

         99 Acts, ch 125, §38, 109
         C2001, §633.4103
         2005 Acts, ch 38, §54
         CS2005, §633A.4103