GroundRules
Iowa Code § 633A.4505: Exculpation of trustee.
Where this section sits in the code
- Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES (Ch. 595 - 686D)
- Chapter 633A - IOWA TRUST CODE
- Subchapter IV - TRUST ADMINISTRATION
- Part 5 - LIABILITY OF TRUSTEES TO BENEFICIARIES
A provision in the terms of the trust relieving a trustee of liability for breach of trust is unenforceable to the extent that it does either of the following:
1. Relieves a trustee of liability for breach of trust committed intentionally, with gross negligence, in bad faith, or with reckless indifference to the interest of the beneficiary, or for any profit derived by the trustee from the breach.
2. Was inserted as the result of an abuse by the trustee of a fiduciary or confidential relationship to the settlor.
Collected 2026-09-14T19:40:16Z. Source file · JSON