Iowa Code 633A.6301 – Definition and applicability
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Terms Used In Iowa Code 633A.6301
- 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
- Fiduciary: A trustee, executor, or administrator.
- 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
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
633A.6301 Definition and applicability.
1. For purposes of this part, “”fiduciary matter”” includes any item listed in section
633A.6202, subsection 2.
2. Persons interested in a fiduciary matter may approve a judicial settlement and represent and bind other persons interested in the fiduciary matter.
3. Notice to a person who may represent and bind another person under this trust code has the same effect as if notice were given directly to the person represented.
4. § 633A.6301, subsection 4, Code 2009, applies to written consents executed prior to July 1, 2010.
5. A settlor shall not represent and bind a beneficiary under this trust code with respect to the termination or modification of a trust pursuant to § 633A.2202 or 633A.2203.
99 Acts, ch 125, §96, 109
C2001, §633.6301
2002 Acts, ch 1107, §22; 2003 Acts, ch 95, §21; 2005 Acts, ch 38, §54, 55
CS2005, §633A.6301
2006 Acts, ch 1104, §15, 16; 2010 Acts, ch 1137, §11
1. For purposes of this part, “”fiduciary matter”” includes any item listed in section
633A.6202, subsection 2.
2. Persons interested in a fiduciary matter may approve a judicial settlement and represent and bind other persons interested in the fiduciary matter.
3. Notice to a person who may represent and bind another person under this trust code has the same effect as if notice were given directly to the person represented.
4. § 633A.6301, subsection 4, Code 2009, applies to written consents executed prior to July 1, 2010.
5. A settlor shall not represent and bind a beneficiary under this trust code with respect to the termination or modification of a trust pursuant to § 633A.2202 or 633A.2203.
99 Acts, ch 125, §96, 109
C2001, §633.6301
2002 Acts, ch 1107, §22; 2003 Acts, ch 95, §21; 2005 Acts, ch 38, §54, 55
CS2005, §633A.6301
2006 Acts, ch 1104, §15, 16; 2010 Acts, ch 1137, §11