Iowa Code § 633A.4808: Investment trust director or distribution trust director provided for in trust instrument.
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 8 - TRUST DIRECTORS, TRUST PROTECTORS, AND EXCLUDED FIDUCIARIES
A trust instrument governed by the laws of this state may provide for a person to act as an investment trust director or a distribution trust director with regard to investment decisions or discretionary distributions, respectively. Unless otherwise provided by the terms of the governing instrument, a person may simultaneously serve as a trust director and a trust protector.
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