2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.4201 - DUTY TO ADMINISTER TRUST -- ALTERATION BY TERMS OF TRUST.

        633A.4201  DUTY TO ADMINISTER TRUST -- ALTERATION BY
      TERMS OF TRUST.
         1.  On acceptance of a trust, the trustee shall administer the
      trust according to the terms of the trust and according to this trust
      code, except to the extent the terms of the trust provide otherwise.

         2.  The terms of the trust may expand, restrict, eliminate, or
      otherwise alter the duties prescribed by this trust code, and the
      trustee may reasonably rely on those terms, but nothing in this trust
      code authorizes a trustee to act in bad faith or in disregard of the
      purposes of the trust or the interest of the beneficiaries.  
         Section History: Recent Form
         99 Acts, ch 125, §47, 109
         C2001, §633.4201
         2005 Acts, ch 38, §54
         CS2005, §633A.4201

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