Iowa Code 633A.2204 – Modification of administrative provisions by court for change of circumstances
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Terms Used In Iowa Code 633A.2204
- 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
- Trustee: A person or institution holding and administering property in trust.
633A.2204 Modification of administrative provisions by court for change of circumstances.
On petition by a trustee or beneficiary, the court may modify the administrative provisions of the trust, if, owing to circumstances not known to the settlor and not anticipated by the settlor, the continuation of the trust under its terms would defeat or substantially impair the accomplishment of the purposes of the trust. If necessary to carry out the purposes of the trust, the court may order the trustee to do acts that are not authorized or are forbidden by the trust instrument.
2000 Acts, ch 1150, §11
C2001, §633.2204
2005 Acts, ch 38, §54
CS2005, §633A.2204
Referred to in §633A.2201, 633A.4805
On petition by a trustee or beneficiary, the court may modify the administrative provisions of the trust, if, owing to circumstances not known to the settlor and not anticipated by the settlor, the continuation of the trust under its terms would defeat or substantially impair the accomplishment of the purposes of the trust. If necessary to carry out the purposes of the trust, the court may order the trustee to do acts that are not authorized or are forbidden by the trust instrument.
2000 Acts, ch 1150, §11
C2001, §633.2204
2005 Acts, ch 38, §54
CS2005, §633A.2204
Referred to in §633A.2201, 633A.4805