Iowa Code 633A.4503 – Breach of trust — liability
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Terms Used In Iowa Code 633A.4503
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- property: includes personal and real property. See Iowa Code 4.1
- Trustee: A person or institution holding and administering property in trust.
633A.4503 Breach of trust — liability.
A beneficiary may charge a trustee who commits a breach of trust with the amount required to restore the value of the trust property and trust distributions to what they would have been had the breach not occurred, or, if greater, the amount of profit lost by reason of the breach.
99 Acts, ch 125, §75, 109
C2001, §633.4503
2005 Acts, ch 38, §54
CS2005, §633A.4503
A beneficiary may charge a trustee who commits a breach of trust with the amount required to restore the value of the trust property and trust distributions to what they would have been had the breach not occurred, or, if greater, the amount of profit lost by reason of the breach.
99 Acts, ch 125, §75, 109
C2001, §633.4503
2005 Acts, ch 38, §54
CS2005, §633A.4503