Section 633A.4208 - Cotrustees.

IA Code § 633A.4208 (2019) (N/A)
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633A.4208 Cotrustees.

1. If a trust has more than one trustee, each trustee shall perform all of the following duties:

a. Participate in the administration of the trust.

b. Take reasonable steps to prevent a cotrustee from committing a breach of trust, and to compel a cotrustee to redress a breach of trust.

2. A trustee who complies with subsection 1 is not liable to the beneficiaries or to the trust for the decisions or actions of a cotrustee.

99 Acts, ch 125, §54, 109

C2001, §633.4208

2005 Acts, ch 38, §54

CS2005, §633A.4208