2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.3111 - TRUSTEE'S LIABILITY FOR DISTRIBUTIONS.

        633A.3111  TRUSTEE'S LIABILITY FOR DISTRIBUTIONS.
         1.  A trustee who distributes trust assets without making adequate
      provisions for the payment of debts and charges that are known or
      reasonably ascertainable at the time of the distribution shall be
      jointly and severally liable with the beneficiaries to the extent of
      the distributions made.
         2.  A trustee shall be entitled to indemnification from the
      beneficiaries for all amounts paid for debts and charges under this
      section, to the extent of distributions made.  

         99 Acts, ch 125, §35, 109; 2000 Acts, ch 1150, §19
         C2001, §633.3111
         2005 Acts, ch 38, §54
         CS2005, §633A.3111
         2006 Acts, ch 1104, §9