Section 501B.12 Grantor and Agents of Grantor

501B.12 GRANTOR AND AGENTS OF GRANTOR.

If a trust instrument reserves to the grantor, in a nonfiduciary capacity, the control over any or all investment decisions, the trustee is not responsible for the investment decisions made by the grantor or an agent of the grantor.

History:

1989 c 340 art 1 s 12