2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.4111 - NOTICE OF INCREASED TRUSTEE'S FEE.

        633A.4111  NOTICE OF INCREASED TRUSTEE'S FEE.
         1.  As used in this section, "trustee's fee" includes a
      trustee's periodic base fee, rate of percentage compensation, minimum
      fee, hourly rate, and transaction charge, but does not include fees
      for extraordinary services.
         2.  A trustee shall not charge an increased trustee's fee for
      administration of a trust unless the trustee first gives at least
      thirty days' written notice of the increased fee to all of the
      following beneficiaries:
         a.  Each qualified beneficiary.
         b.  Each beneficiary who was given the last preceding
      accounting.
         c.  Each beneficiary who has made a written request to the
      trustee for notice of an increased trustee's fee, and has given an
      address for receiving notice by mail.
         3.  If a beneficiary files a petition for review of an increased
      trustee's fee or for removal of a trustee and serves a copy of the
      petition on the trustee within the thirty-day period, the increased
      fee does not take effect until otherwise ordered by the court or the
      petition is dismissed.  

         99 Acts, ch 125, §46, 109; 2000 Acts, ch 1150, §24
         C2001, §633.4111
         2002 Acts, ch 1107, §9; 2005 Acts, ch 38, §54
         CS2005, §633A.4111