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Code · Iowa · Chapter 633A — Iowa Trust Code

633A.4702 Discretionary language prevails over other standard.

59 words·~1 min read·/ia/chapter-633a-iowa-trust-code/633a-4702

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In the absence of clear and convincing evidence to the contrary, language in a governing instrument granting a trustee discretion to make or withhold a distribution shall prevail over any language in the governing instrument indicating that the beneficiary may have a legally enforceable right to distributions or indicating a standard for payments or distributions.
C2005, §633.4702
CS2005, §633A.4702
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