Iowa Code 633.64 – Qualification of fiduciary — nonresident
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Terms Used In Iowa Code 633.64
- Fiduciary: A trustee, executor, or administrator.
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- 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
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- United States: includes all the states. See Iowa Code 4.1
633.64 Qualification of fiduciary — nonresident.
The court may, upon application, appoint the following nonresidents as fiduciaries:
1. Natural persons. A natural person who is a nonresident of this state and who is otherwise qualified under the provisions of § 633.63, provided a resident fiduciary is appointed to serve with such nonresident fiduciary; and provided further that the court, for good cause shown, may appoint such nonresident fiduciary to serve alone without the appointment of a resident fiduciary.
2. Banks and trust companies. Banks and trust companies organized under the laws of the United States or of another state and authorized to act in a fiduciary capacity in another state, if banks and trust companies of this state are permitted to act as fiduciary under similar conditions in the state where such bank or trust company is located.
[C66, 71, 73, 75, 77, 79, 81, §633.64]
Referred to in §524.1005A, 524.1007, 633.65, 635.1
The court may, upon application, appoint the following nonresidents as fiduciaries:
1. Natural persons. A natural person who is a nonresident of this state and who is otherwise qualified under the provisions of § 633.63, provided a resident fiduciary is appointed to serve with such nonresident fiduciary; and provided further that the court, for good cause shown, may appoint such nonresident fiduciary to serve alone without the appointment of a resident fiduciary.
2. Banks and trust companies. Banks and trust companies organized under the laws of the United States or of another state and authorized to act in a fiduciary capacity in another state, if banks and trust companies of this state are permitted to act as fiduciary under similar conditions in the state where such bank or trust company is located.
[C66, 71, 73, 75, 77, 79, 81, §633.64]
Referred to in §524.1005A, 524.1007, 633.65, 635.1