2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.4702 - DISCRETIONARY LANGUAGE PREVAILS OVER OTHER STANDARD.
633A.4702 DISCRETIONARY LANGUAGE PREVAILS OVER OTHER STANDARD. In the absence of clear and convincing evidence to the contrary, language in a governing instrument granting a trustee discretion to make or withhold a distribution shall prevail over any language in the governing instrument indicating that the beneficiary may have a legally enforceable right to distributions or indicating a standard for payments or distributions.Section History: Recent Form
2004 Acts, ch 1015, §30 C2005, §633.4702 2005 Acts, ch 38, §54 CS2005, §633A.4702
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