633A.4304 - DUTIES AT INCEPTION OF TRUSTEESHIP.
633A.4304 DUTIES AT INCEPTION OF TRUSTEESHIP. Within a reasonable time after accepting a trusteeship or receiving trust property, a trustee shall review the trust property and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this part.
Section History: Recent Form 99 Acts, ch 125, §64, 109 C2001, §633.4304 2005 Acts, ch 38, §54, 55 CS2005, §633A.4304