Iowa Code 634.6 – Statutory exception in trust
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Terms Used In Iowa Code 634.6
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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
634.6 Statutory exception in trust.
Nothing in this chapter shall limit the power of a person who creates a trust after July 1,
1971, or the power of a person who has retained or has been granted the right to amend a trust created before July 1, 1971, to include a specific provision in the trust instrument or an amendment to the trust instrument as the case may be, which provides that some or all of the provisions of sections 634.2 and 634.3 shall have no application to such trust.
[C73, 75, 77, 79, 81, §634.6]
Nothing in this chapter shall limit the power of a person who creates a trust after July 1,
1971, or the power of a person who has retained or has been granted the right to amend a trust created before July 1, 1971, to include a specific provision in the trust instrument or an amendment to the trust instrument as the case may be, which provides that some or all of the provisions of sections 634.2 and 634.3 shall have no application to such trust.
[C73, 75, 77, 79, 81, §634.6]