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
CS2005, §633A.2303
Iowa Code § 633A.2303
Spendthrift trusts for the benefit of settlor
Known as the Iowa Trust Code
The act spans §§ 633A.1101 to 633A.6308 (136 sections).
2005 Acts, ch 38, §39, 54 2008 Acts, ch 1119, §23
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.