Iowa Code 633A.5101 – Charitable purposes
Current as of: 2023 | Check for updates
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1. A charitable trust may be created for the relief of poverty, the advancement of education or religion, the promotion of health, or any other purpose the accomplishment of which is beneficial to the community.
Terms Used In Iowa Code 633A.5101
- Trustee: A person or institution holding and administering property in trust.
2. If the terms of the trust do not indicate a particular charitable purpose or beneficiaries, the trustee may select one or more charitable purposes or beneficiaries.