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Iowa Code § 633A.4706

Small distributions to minors — payment

Known as the Iowa Trust Code

The act spans §§ 633A.1101 to 633A.6308 (136 sections).

2005 Acts, ch 38, §47

When a minor becomes entitled under the terms of the trust to a beneficial interest in the trust upon the distribution of the trust fund and the value of the interest does not exceed the sum of twenty-five thousand dollars, the trustee may pay the interest to a custodian under any uniform transfers to minors Act. Receipt by the custodian shall have the same force and effect as though payment had been made to a duly appointed and qualified conservator for the minor.

Uniform transfers to minors, see chapter 565B

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.