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Iowa Code Title XV. Judicial Branch and Judicial Procedures [Chs. 595-686] § 633A.2201. Termination of trust

Current as of January 01, 2024 | Updated by FindLaw Staff

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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Cite this article: FindLaw.com - Iowa Code Title XV. Judicial Branch and Judicial Procedures [Chs. 595-686] § 633A.2201. Termination of trust - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xv-judicial-branch-and-judicial-procedures-chs-595-686/ia-code-sect-633a-2201/

Read this complete Iowa Code Title XV. Judicial Branch and Judicial Procedures [Chs. 595-686] § 633A.2201. Termination of trust on Westlaw. Westlaw subscription required.

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