Iowa Code § 633A.2104

Current through March 29, 2024

Section 633A.2104 - Trust purposes

1. A trust is created only if it has a private or charitable purpose that is not unlawful or against public policy.

2. A trust created for a private purpose must be administered for the benefit of its beneficiaries.

99 Acts, ch 125, §11, 109 2005 Acts, ch 38, §54

99 Acts, ch 125, §11, 109C2001, §633.2104 2005 Acts, ch 38, §54CS2005, §633A.2104