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Code · Iowa · Chapter 633 — Probate Code

633.109 Inability to distribute estate funds.

133 words·~1 min read·/ia/chapter-633-probate-code/633-109

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Any fiduciary having in the fiduciary’s possession or under the fiduciary’s control any funds, moneys or securities due or to become due to any other person to whom payment or delivery cannot be made as shown by the report of the fiduciary on file, may, upon order of court, deposit such property with the clerk and take the receipt of the clerk for the same. Such receipt shall specifically state from whom said property was derived, the description thereof, and the name of the person entitled to the same. Thereafter, such funds shall be held and disposed of by the clerk in accordance with the provisions of chapter 636.
[C66, 71, 73, 75, 77, 79, 81, §633.109]
Referred to in §633.642
Deposit of undistributed trust funds and notice of deposit, see §636.31, 636.34
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