633A.4110 Repayment for expenditures.
65 words·~1 min read·
/ia/chapter-633a-iowa-trust-code/633a-4110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A trustee is entitled to be repaid out of the trust property, with interest as appropriate, for all of the following expenditures:
1. Expenditures that were properly incurred in the administration of the trust.
2. To the extent that they benefited the trust, expenditures that were not properly incurred in the administration of the trust.
99 Acts, ch 125, §45, 109
C2001, §633.4110
CS2005, §633A.4110