2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.2105 - HONORARY TRUSTS -- TRUSTS FOR PETS.

        633A.2105  HONORARY TRUSTS -- TRUSTS FOR PETS.
         1.  A trust for a lawful noncharitable purpose for which there is
      no definite or definitely ascertainable beneficiary is valid but may
      be performed by the trustee for only twenty-one years, whether or not
      the terms of the trust contemplate a longer duration.
         2.  A trust for the care of an animal living at the settlor's
      death is valid.  The trust terminates when no living animal is
      covered by its terms.
         3.  A portion of the property of a trust authorized by this
      section shall not be converted to any use other than its intended use
      unless the terms of the trust so provide or the court determines that
      the value of the trust property substantially exceeds the amount
      required.
         4.  The intended use of a trust authorized by this section may be
      enforced by a person designated for that purpose in the terms of the
      trust or, if none, by a person appointed by the court.  
         Section History: Recent Form
         99 Acts, ch 125, §12, 109
         C2001, §633.2105
         2005 Acts, ch 38, §54
         CS2005, §633A.2105

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