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2019 Iowa Code
Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES
Chapter 633A - IOWA TRUST CODE
Section 633A.4706 - Small distributions to minors — payment.
Universal Citation: IA Code § 633A.4706 (2019)
633A.4706 Small distributions to minors — payment.
When a minor becomes entitled under the terms of the trust to a beneficial interest in the trust upon the distribution of the trust fund and the value of the interest does not exceed the sum of twenty-five thousand dollars, the trustee may pay the interest to a custodian under any uniform transfers to minors Act. Receipt by the custodian shall have the same force and effect as though payment had been made to a duly appointed and qualified conservator for the minor.
2005 Acts, ch 38, §47
Uniform transfers to minors, see chapter 565B
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