2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.4401 - GENERAL POWERS -- FIDUCIARY DUTIES.

        633A.4401  GENERAL POWERS -- FIDUCIARY DUTIES.
         1.  A trustee, without authorization by the court, may exercise
      the following powers:
         a.  The powers conferred by the terms of the trust.
         b.  Except as limited by the terms of the trust, powers
      conferred by this trust code.
         2.  This part does not affect the power of the court to relieve a
      trustee from restrictions in the terms of the trust on the exercise
      of powers, to confer on a trustee additional powers whether or not
      authorized by the terms of the trust, or to restrict the exercise of
      a power otherwise given to the trustee by the terms of the trust or
      this trust code.
         3.  The grant of a power to a trustee, whether by the terms of the
      trust, this trust code, or the court, does not in itself govern the
      exercise of the power.  In exercising a power, the trustee shall act
      in accordance with fiduciary principles.  
         Section History: Recent Form
         99 Acts, ch 125, §71, 109
         C2001, §633.4401
         2005 Acts, ch 38, §54, 55
         CS2005, §633A.4401
         Referred to in § 633.699

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