Iowa § 633A.4506 Beneficiary’s consent, release, or affirmance — nonliability of trustee

Iowa Statutes

§ 633A.4506 — Beneficiary’s consent, release, or affirmance — nonliability of trustee

Iowa § 633A.4506

Title XVJUDICIAL BRANCH AND JUDICIAL PROCEDURES

Ch. 633AIOWA TRUST CODE

This text of Iowa § 633A.4506 (Beneficiary’s consent, release, or affirmance — nonliability of trustee) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 633A.4506 (2026).

Text

1.A beneficiary shall not hold a trustee liable for a breach of trust if the beneficiary does any of the following:

a.Consents to the conduct constituting the breach.

b.Releases the trustee from liability for the breach.

c.Affirms the transaction constituting the breach.

2.A beneficiary may hold a trustee liable for breach of trust despite a consent, release, or 39 IOWA TRUST CODE, §633A.4602 affirmance by the beneficiary if, at the time of the consent, release, or affirmance, all of the following applied:

a.The beneficiary did not know of the beneficiary’s rights.

b.The beneficiary did not know the material facts known to the trustee or which the trustee should have known.

c.Thetrusteedidnotreasonablybelievethatthebeneficiaryknewthebeneficiary’srights and that the beneficiary knew

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1. A beneficiary shall not hold a trustee liable for a breach of trust if the beneficiary does
any of the following:
a. Consents to the conduct constituting the breach.
b. Releases the trustee from liability for the breach.
c. Affirms the transaction constituting the breach.
2. A beneficiary may hold a trustee liable for breach of trust despite a consent, release, or
39 IOWA TRUST CODE, §633A.4602
affirmance by the beneficiary if, at the time of the consent, release, or affirmance, all of the
following applied:
a. The beneficiary did not know of the beneficiary’s rights.
b. The beneficiary did not know the material facts known to the trustee or which the
trustee should have known.
c. Thetrusteedidnotreasonablybelievethatthebeneficiaryknewthebeneficiary’srights
and that the beneficiary knew material facts known to the trustee or which the trustee should
have known.
3. Abeneficiarymayholdatrusteeliableforbreachofatrustdespiteaconsent,release,or
affirmance by the beneficiary if the consent, release, or affirmance was induced by improper
conduct of the trustee.