Iowa Code 633A.2201 – Termination of trust
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Terms Used In Iowa Code 633A.2201
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- property: includes personal and real property. See Iowa Code 4.1
- Trustee: A person or institution holding and administering property in trust.
633A.2201 Termination of trust.
1. In addition to the methods specified in sections 633A.2202 through 633A.2206, a trust
terminates when any of the following occurs:
a. The term of the trust expires.
b. The trust purpose is fulfilled.
c. The trust purpose becomes unlawful or impossible to fulfill.
d. The trust is revoked.
2. On termination of a trust, the trustee may exercise the powers necessary to wind up the affairs of the trust and distribute the trust property to those entitled to the trust property.
99 Acts, ch 125, §15, 109; 2000 Acts, ch 1150, §9
C2001, §633.2201
2002 Acts, ch 1107, §3; 2005 Acts, ch 38, §54, 55
CS2005, §633A.2201
Referred to in §633A.4805
1. In addition to the methods specified in sections 633A.2202 through 633A.2206, a trust
terminates when any of the following occurs:
a. The term of the trust expires.
b. The trust purpose is fulfilled.
c. The trust purpose becomes unlawful or impossible to fulfill.
d. The trust is revoked.
2. On termination of a trust, the trustee may exercise the powers necessary to wind up the affairs of the trust and distribute the trust property to those entitled to the trust property.
99 Acts, ch 125, §15, 109; 2000 Acts, ch 1150, §9
C2001, §633.2201
2002 Acts, ch 1107, §3; 2005 Acts, ch 38, §54, 55
CS2005, §633A.2201
Referred to in §633A.4805