Iowa Code § 633A.6102
Principal place of administration of trust
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2013
As of January 1, 2012
1. Unless otherwise designated in the terms of the trust, the principal place of administration of a trust is the usual place where the day-to-day activity of the trust is carried on by the trustee or the trustee’s representative who is primarily responsible for the administration of the trust.
1. Unless otherwise designated in the terms of the trust, the principal place of administration of a trust is the usual place where the day-to-day activity of the trust is carried on by the trustee or the trustee’s representative who is primarily responsible for the administration of the trust.
2. If the principal place of administration of the trust cannot be determined under subsection 1, it must be determined as follows:
2. If the principal place of administration of the trust cannot be determined under subsection 1, it must be determined as follows:
a. If the trust has one trustee, the principal place of administration of the trust is the trustee’s residence or usual place of business.
a. If the trust has one trustee, the principal place of administration of the trust is the trustee’s residence or usual place of business.
b. If the trust has more than one trustee, the principal place of administration of the trust is the residence or usual place of business of any of the cotrustees as agreed upon by them or, if not, the residence or usual place of business of any of the cotrustees.
b. If the trust has more than one trustee, the principal place of administration of the trust is the residence or usual place of business of any of the cotrustees as agreed upon by them or, if not, the residence or usual place of business of any of the cotrustees.
99 Acts, ch 125, §90, 109
99 Acts, ch 125, §90, 109
C2001, §633.6102
C2001, §633.6102
CS2005, §633A.6102
CS2005, §633A.6102
Referred to in
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.