2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.4602 - DISSENTING COTRUSTEES.

        633A.4602  DISSENTING COTRUSTEES.
         1.  A cotrustee who does not join in exercising a power is not
      liable to a third party for the consequences of the exercise of the
      power.
         2.  A dissenting cotrustee who joins in an action at the direction
      of the majority cotrustees is not liable to a third party for the
      action if the dissenting cotrustee expresses the dissent in writing
      to any other cotrustee at or before the action is taken.
         3.  This section does not excuse a cotrustee from liability for
      failure to discharge a cotrustee's duties as a trustee.  
         Section History: Recent Form
         99 Acts, ch 125, §80, 109
         C2001, §633.4602
         2005 Acts, ch 38, §54
         CS2005, §633A.4602

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