Iowa Code 633A.4203 – Standard of prudence
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Terms Used In Iowa Code 633A.4203
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- Trustee: A person or institution holding and administering property in trust.
633A.4203 Standard of prudence.
A trustee shall administer the trust with the reasonable care, skill, and caution as a prudent person would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust.
99 Acts, ch 125, §49, 109
C2001, §633.4203
2005 Acts, ch 38, §54
CS2005, §633A.4203
A trustee shall administer the trust with the reasonable care, skill, and caution as a prudent person would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust.
99 Acts, ch 125, §49, 109
C2001, §633.4203
2005 Acts, ch 38, §54
CS2005, §633A.4203