Repayment for expenditures
Known as the Iowa Trust Code
The act spans §§ 633A.1101 to 633A.6308 (136 sections).
Applied in 1 court decision — leading case In the Matter of Trust T-1 of Mary Faye Trimble, Judith R. Cunningham, Trustee (2013)
Most recently applied in In the Matter of Trust T-1 of Mary Faye Trimble, Judith R. Cunningham, Trustee (January 2013)
2005 Acts, ch 38, §54
A trustee is entitled to be repaid out of the trust property, with interest as appropriate, for all of the following expenditures:
1. Expenditures that were properly incurred in the administration of the trust.
2. To the extent that they benefited the trust, expenditures that were not properly incurred in the administration of the trust.
99 Acts, ch 125, §45, 109
C2001, §633.4110
CS2005, §633A.4110
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.