Iowa Code 633A.4110 – Repayment for expenditures
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Terms Used In Iowa Code 633A.4110
- 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.4110 Repayment for expenditures.
A trustee is entitled to be repaid out of the trust property, with interest as appropriate, for all of the following expenditures:
1. Expenditures that were properly incurred in the administration of the trust.
2. To the extent that they benefited the trust, expenditures that were not properly incurred in the administration of the trust.
99 Acts, ch 125, §45, 109
C2001, §633.4110
2005 Acts, ch 38, §54
CS2005, §633A.4110
A trustee is entitled to be repaid out of the trust property, with interest as appropriate, for all of the following expenditures:
1. Expenditures that were properly incurred in the administration of the trust.
2. To the extent that they benefited the trust, expenditures that were not properly incurred in the administration of the trust.
99 Acts, ch 125, §45, 109
C2001, §633.4110
2005 Acts, ch 38, §54
CS2005, §633A.4110