Iowa Code 633.67 – Powers of surviving cofiduciary
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Terms Used In Iowa Code 633.67
- Fiduciary: A trustee, executor, or administrator.
633.67 Powers of surviving cofiduciary.
When the instrument creating the estate or trust requires two or more fiduciaries, and a vacancy occurs on account of the death, resignation, or removal of one of the fiduciaries, during the period of the vacancy thus created, the remaining fiduciary or fiduciaries shall have all the rights, titles and powers, whether discretionary or otherwise, of all the fiduciaries.
[C66, 71, 73, 75, 77, 79, 81, §633.67]
When the instrument creating the estate or trust requires two or more fiduciaries, and a vacancy occurs on account of the death, resignation, or removal of one of the fiduciaries, during the period of the vacancy thus created, the remaining fiduciary or fiduciaries shall have all the rights, titles and powers, whether discretionary or otherwise, of all the fiduciaries.
[C66, 71, 73, 75, 77, 79, 81, §633.67]