Iowa Code § 633F.6
Single beneficiaries — separate trust accounts
Redline — January 1, 2022 → current.View current text →
Current — January 1, 2023
As of January 1, 2022
1. Beneficial interests in a custodial trust shall not be created for multiple beneficiaries.
1. Beneficial interests in a custodial trust shall not be created for multiple beneficiaries.
2. All custodial trust property held under this chapter by the same custodial trustee for the use and benefit of a single beneficiary may be administered as a single custodial trust.
2. All custodial trust property held under this chapter by the same custodial trustee for the use and benefit of a single beneficiary may be administered as a single custodial trust.
NEW section
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.