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2017 Iowa Code
Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES
Chapter 633 - PROBATE CODE
Section 633.155 - Self-dealing by fiduciary prohibited.

Universal Citation: IA Code § 633.155 (2017)
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1 PROBATE CODE, §633.155 633.155 Self-dealing by fiduciary prohibited. No fiduciary shall in any manner engage in self-dealing, except on order of court after notice to all interested persons, and shall derive no profit other than the fiduciary’s distributive share in the estate from the sale or liquidation of any property belonging to the estate. Every application of a fiduciary seeking an order under the provisions of this section shall specify in detail the reasons for such application and the facts justifying the requested order. The notice shall have a copy of the application attached, or, if published, it shall contain a detailed statement of the reasons and facts justifying the requested order. [C51, §1427; R60, §2452; C73, §2473; C97, §3397; C24, 27, 31, 35, 39, §12048; C46, 50, 54, 58, 62, §638.8; C66, 71, 73, 75, 77, 79, 81, §633.155] Referred to in §633.156, §633.649 Wed Feb 08 04:43:53 2017 Iowa Code 2017, Section 633.155 (27, 0)
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