Iowa Code 633A.4304 – Duties at inception of trusteeship
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 633A.4304
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- property: includes personal and real property. See Iowa Code 4.1
- Trustee: A person or institution holding and administering property in trust.
633A.4304 Duties at inception of trusteeship.
Within a reasonable time after accepting a trusteeship or receiving trust property, a trustee shall review the trust property and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this part.
99 Acts, ch 125, §64, 109
C2001, §633.4304
2005 Acts, ch 38, §54, 55
CS2005, §633A.4304
Within a reasonable time after accepting a trusteeship or receiving trust property, a trustee shall review the trust property and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this part.
99 Acts, ch 125, §64, 109
C2001, §633.4304
2005 Acts, ch 38, §54, 55
CS2005, §633A.4304