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Iowa Code § 633A.5102

Application of cy pres

Known as the Iowa Trust Code

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

Applied in 1 court decision — leading case Kolb v. City of Storm Lake (2007)

Most recently applied in Kolb v. City of Storm Lake (July 2007)

2005 Acts, ch 38, §54

Unless the terms of the trust provide to the contrary the following apply:

1. A charitable trust does not fail, in whole or in part, if a particular purpose for which the trust was created becomes impracticable, unlawful, or impossible to fulfill.

2. If a particular charitable purpose for which a trust was created becomes impracticable, unlawful, or impossible to fulfill, the court may modify the terms of the trust or direct that the property of the trust be distributed in whole or in part in a manner best meeting the settlor’s general charitable purposes. If an administrative provision of a charitable trust becomes impracticable, unlawful, impossible to fulfill, or otherwise impairs the effective administration of the trust, the court may modify the provision.

99 Acts, ch 125, §86, 109

C2001, §633.5102

CS2005, §633A.5102

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