Iowa Code 524.1005A – Nonresident corporate fiduciaries
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 524.1005A
- Bank: means a corporation organized under this chapter, a national bank, a federal savings association, or an out-of-state bank. See Iowa Code 524.103
- 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
- Trust company: means a business organization which is authorized to engage in trust business pursuant to section 524. See Iowa Code 524.103
An out-of-state bank or a trust company chartered or organized under the laws of another state may only act in a fiduciary capacity in this state if it satisfies the requirements for nonresident corporate fiduciaries pursuant to section 633.64.