2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.4107 - REMOVAL OF TRUSTEE.

        633A.4107  REMOVAL OF TRUSTEE.
         1.  A trustee may be removed in accordance with the terms of the
      trust, or on petition of a settlor, cotrustee, or beneficiary under
      section 633A.6202.
         2.  The court may remove a trustee, or order other appropriate
      relief if any of the following occurs:
         a.  If the trustee has committed a material breach of the
      trust.
         b.  If the trustee is unfit to administer the trust.
         c.  If hostility or lack of cooperation among cotrustees
      impairs the administration of the trust.
         d.  If the trustee's investment performance is consistently
      and substantially substandard.
         e.  If the trustee's compensation is excessive under the
      circumstances.
         f.  If the trustee merges with another institution or the
      location or place of administration of the trust changes.
         g.  For other good cause shown.
         3.  If it appears to the court that trust property or the
      interests of a beneficiary may suffer loss or injury pending a final
      decision on a petition for removal of a trustee, the court may
      suspend the powers of the trustee, compel the trustee to surrender
      trust property to a cotrustee, receiver, or temporary trustee, or
      order other appropriate relief.  
         Section History: Recent Form
         99 Acts, ch 125, §42, 109; 2000 Acts, ch 1150, §23
         C2001, §633.4107
         2003 Acts, ch 95, §13; 2005 Acts, ch 38, §54, 55
         CS2005, §633A.4107

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