GroundRules
Iowa Code § 633A.2201: Termination of trust.
Where this section sits in the code
- Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES (Ch. 595 - 686D)
- Chapter 633A - IOWA TRUST CODE
- Subchapter II - CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUSTS
- Part 2 - MODIFICATION AND TERMINATION OF TRUSTS
1. In addition to the methods specified in sections 633A.2202 through 633A.2206, a trust terminates when any of the following occurs:
a. The term of the trust expires.
b. The trust purpose is fulfilled.
c. The trust purpose becomes unlawful or impossible to fulfill.
d. The trust is revoked.
2. On termination of a trust, the trustee may exercise the powers necessary to wind up the affairs of the trust and distribute the trust property to those entitled to the trust property.
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