Iowa Code § 637.602
Trustee’s authority to convert
Iowa · Iowa Code Chapter 637 — Uniform Principal and Income Act · Status: effective
Cite this
- Citation
- Iowa Code § 637.602, Trustee’s authority to convert, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2279482
- Permanent ID
ys:prov:2279482@1- SHA-256
93c9a75dd318e16f6057cda2c3eb2c456fb75ee5869a1486f1736497da741df6
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A trustee, other than an interested trustee, or, where two or more persons are acting as trustee, a majority of the trustees who are not interested trustees, may, in the trustee’s sole discretion and without the approval of the court, do any of the following subject to the requirements of section 637.603:
1. Convert an income trust to a total return unitrust.
2. Reconvert a total return unitrust to an income trust.
3. Change the method used to determine the fair market value of the trust.