Trust purposes
Known as the Iowa Trust Code
The act spans §§ 633A.1101 to 633A.6308 (136 sections).
2005 Acts, ch 38, §54
1. A trust is created only if it has a private or charitable purpose that is not unlawful or against public policy.
2. A trust created for a private purpose must be administered for the benefit of its beneficiaries.
99 Acts, ch 125, §11, 109
C2001, §633.2104
CS2005, §633A.2104
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.