Iowa Code 633A.4110 – Repayment for expenditures
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A trustee is entitled to be repaid out of the trust property, with interest as appropriate, for all of the following expenditures:
1. Expenditures that were properly incurred in the administration of the trust.
Terms Used In Iowa Code 633A.4110
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- property: includes personal and real property. See Iowa Code 4.1
- Trustee: A person or institution holding and administering property in trust.
2. To the extent that they benefited the trust, expenditures that were not properly incurred in the administration of the trust.