633A.2306 Court action — trustee’s discretion.
95 words·~1 min read·
/ia/chapter-633a-iowa-trust-code/633a-2306A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. If a trustee has discretion as to payments to a beneficiary, and refuses to make payments or exercise its discretion, the court shall neither order the trustee to exercise its discretion nor order payment from any such trust, if any such payment would inure, directly or indirectly, to the benefit of a creditor of the beneficiary.
2. Notwithstanding subsection 1, the court may order payment to a creditor of a beneficiary or to a creditor of a deceased beneficiary if the beneficiary has or had an interest in the trust.
Referred to in §633A.2301