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2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.5103 - TRUST WITH UNECONOMICALLY LOW VALUE.

        633A.5103  TRUST WITH UNECONOMICALLY LOW VALUE.
         1.  On petition by a trustee or other interested person, if the
      court determines that the value of the trust property is insufficient
      to justify the cost of administration involved, the court may appoint
      a new trustee or may modify or terminate the charitable trust.
         2.  Upon termination of a trust under this section, the court
      shall distribute the trust property in a manner consistent with the
      settlor's charitable purposes.
         Section History: Recent Form
         99 Acts, ch 125, §87, 109
         C2001, §633.5103
         2005 Acts, ch 38, §54
         CS2005, §633A.5103

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