2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633 - PROBATE CODE
633.128 - COURT ACCOUNTINGS.

        633.128  COURT ACCOUNTINGS.
         Unless ordered by a court of competent jurisdiction, the bank or
      trust company operating such common trust funds is not required to
      render a court accounting with regard to such funds; but it may, by
      application to the court, secure approval of such an accounting on
      such conditions as the court may establish.
         When an accounting of a common trust fund is presented to a court
      for approval, the court shall assign a time and place for hearing,
      and order notice thereof by:  (1) Publication once each week for
      three consecutive weeks in a newspaper of general circulation,
      published in the county in which the bank or trust company operating
      the common trust fund is located, the first publication to be not
      less than twenty days prior to the date of hearing, and (2) sending
      by ordinary mail not less than fourteen days prior to the date of
      hearing, a copy of the notice prescribed to all beneficiaries of the
      trust participating in the common trust fund whose names are known to
      the bank or trust company from the records kept by it in the regular
      course of business in the administration of said trusts, directed to
      them at the addresses shown by such records, and (3) such further
      notice, if any, as the court may order.  

         [C58, § 532.21; C62, § 532.21, 533A.1--533A.5; C66, 71, 73, 75,
      77, 79, 81, § 633.128]
         Referred to in § 633.126, 633.129, 633.649