Iowa Code 633A.4208 – Cotrustees
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Terms Used In Iowa Code 633A.4208
- Trustee: A person or institution holding and administering property in trust.
633A.4208 Cotrustees.
1. If a trust has more than one trustee, each trustee shall perform all of the following
duties:
a. Participate in the administration of the trust.
b. Take reasonable steps to prevent a cotrustee from committing a breach of trust, and to compel a cotrustee to redress a breach of trust.
2. A trustee who complies with subsection 1 is not liable to the beneficiaries or to the trust for the decisions or actions of a cotrustee.
99 Acts, ch 125, §54, 109
C2001, §633.4208
2005 Acts, ch 38, §54
CS2005, §633A.4208
1. If a trust has more than one trustee, each trustee shall perform all of the following
duties:
a. Participate in the administration of the trust.
b. Take reasonable steps to prevent a cotrustee from committing a breach of trust, and to compel a cotrustee to redress a breach of trust.
2. A trustee who complies with subsection 1 is not liable to the beneficiaries or to the trust for the decisions or actions of a cotrustee.
99 Acts, ch 125, §54, 109
C2001, §633.4208
2005 Acts, ch 38, §54
CS2005, §633A.4208