Iowa Code 633F.8 – General powers of custodial trustee
Current as of: 2023 | Check for updates
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1. A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property which an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.
Terms Used In Iowa Code 633F.8
- Fiduciary: A trustee, executor, or administrator.
- property: includes personal and real property. See Iowa Code 4.1
- Trustee: A person or institution holding and administering property in trust.
2. This section does not relieve a custodial trustee from liability for a violation of section 633F.7.