Iowa Code Title XV. Judicial Branch and Judicial Procedures [Chs. 595-686] § 633.667. Payment of claims in insolvent conservatorships

When it appears that the assets in a conservatorship are insufficient to pay in full all the claims against such conservatorship, the conservator shall report such matter to the court, and the court shall, upon hearing, with notice to all persons who have filed claims in the conservatorship, make an order for the pro rata payment of claims giving claimants the same priority, if any, as they would have if the ward were not under conservatorship.