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Iowa Code § 633A.5103

Trust with uneconomically low value

Iowa · Iowa Code Chapter 633A — Iowa Trust Code · Status: effective

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Iowa Code § 633A.5103, Trust with uneconomically low value, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2278381
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1. On petition by a trustee or other interested person, if the court determines that the value of the trust property is insufficient to justify the cost of administration involved, the court may appoint a new trustee or may modify or terminate the charitable trust. 2. Upon termination of a trust under this section, the court shall distribute the trust property in a manner consistent with the settlor’s charitable purposes.