Violations of duties — breach of trust
Known as the Iowa Trust Code
The act spans §§ 633A.1101 to 633A.6308 (136 sections).
Applied in 2 court decisions — leading case Turner v. Iowa State Bank & Trust Co. of Fairfield (2007)
Most recently applied in Serena Konrardy and Carrie Rigdon, n/k/a Carrie Burmeister v. Vincent Angerer Trust and Dewitt Bank and Trust Company, as Trustee of the Vincent Angerer Trust (April 2019)
2005 Acts, ch 38, §54
1. A violation by a trustee of a duty the trustee owes a beneficiary is a breach of trust.
2. The remedies of a beneficiary for breach of trust are exclusively equitable and any action shall be brought in a court of equity.
99 Acts, ch 125, §73, 109
C2001, §633.4501
CS2005, §633A.4501
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.