If an instrument appoints a trust protector, the excluded fiduciary is not liable for any loss resulting from any action taken upon the trust protector’s direction.
Iowa Code § 633A.4804
Excluded fiduciary’s liability for loss if trust protector appointed
Known as the Iowa Trust Code
The act spans §§ 633A.1101 to 633A.6308 (136 sections).
2020 Acts, ch 1076, §10
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.