Iowa Code 633A.4808 – Investment trust director or distribution trust director provided for in trust instrument
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Terms Used In Iowa Code 633A.4808
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
633A.4808 Investment trust director or distribution trust director provided for in trust instrument.
A trust instrument governed by the laws of this state may provide for a person to act as an investment trust director or a distribution trust director with regard to investment decisions or discretionary distributions, respectively. Unless otherwise provided by the terms of the governing instrument, a person may simultaneously serve as a trust director and a trust protector.
2020 Acts, ch 1076, §14
Referred to in §633A.4207
A trust instrument governed by the laws of this state may provide for a person to act as an investment trust director or a distribution trust director with regard to investment decisions or discretionary distributions, respectively. Unless otherwise provided by the terms of the governing instrument, a person may simultaneously serve as a trust director and a trust protector.
2020 Acts, ch 1076, §14
Referred to in §633A.4207