Statutes > Iowa Statutes > Title 15 - Judicial Branch and Judicial Procedures > Subtitle 4 - Probate - Fiduciaries > CHAPTER 633A - IOWA TRUST CODE > 633A.4201 - DUTY TO ADMINISTER TRUST -- ALTERATION BY TERMS OF TRUST.

633A.4201 - DUTY TO ADMINISTER TRUST -- ALTERATION BY TERMS OF TRUST.

        633A.4201  DUTY TO ADMINISTER TRUST -- ALTERATION BY      TERMS OF TRUST.         1.  On acceptance of a trust, the trustee shall administer the      trust according to the terms of the trust and according to this trust      code, except to the extent the terms of the trust provide otherwise.         2.  The terms of the trust may expand, restrict, eliminate, or      otherwise alter the duties prescribed by this trust code, and the      trustee may reasonably rely on those terms, but nothing in this trust      code authorizes a trustee to act in bad faith or in disregard of the      purposes of the trust or the interest of the beneficiaries.
         Section History: Recent Form
         99 Acts, ch 125, §47, 109         C2001, §633.4201         2005 Acts, ch 38, §54         CS2005, §633A.4201