Unless the power of attorney otherwise provides, an agent who is an individual is entitled to reimbursement of expenses reasonably incurred on behalf of the principal but not to compensation. If a power of attorney does provide for compensation or if the agent is a bank or trust company authorized to administer trusts in Iowa, the compensation must be reasonable under the circumstances.
Iowa Code § 633B.112
Reimbursement and compensation of agent
Known as the Iowa Uniform Power of Attorney Act
The act spans §§ 633B.101 to 633B.403 (45 sections).
2014 Acts, ch 1078, §14
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.