Standard of prudence
Known as the Iowa Trust Code
The act spans §§ 633A.1101 to 633A.6308 (136 sections).
2005 Acts, ch 38, §54
A trustee shall administer the trust with the reasonable care, skill, and caution as a prudent person would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust.
99 Acts, ch 125, §49, 109
C2001, §633.4203
CS2005, §633A.4203
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.