Iowa Code 633A.2303 – Spendthrift trusts for the benefit of settlor
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Terms Used In Iowa Code 633A.2303
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
633A.2303 Spendthrift trusts for the benefit of settlor.
A term of a trust prohibiting an involuntary transfer of a beneficiary‘s interest shall be
invalid as against claims by any creditors of the beneficiary if the beneficiary is the settlor.
99 Acts, ch 125, §24, 109
C2001, §633.2303
2005 Acts, ch 38, §39, 54
CS2005, §633A.2303
2008 Acts, ch 1119, §23
Referred to in §633A.2302
A term of a trust prohibiting an involuntary transfer of a beneficiary‘s interest shall be
invalid as against claims by any creditors of the beneficiary if the beneficiary is the settlor.
99 Acts, ch 125, §24, 109
C2001, §633.2303
2005 Acts, ch 38, §39, 54
CS2005, §633A.2303
2008 Acts, ch 1119, §23
Referred to in §633A.2302