§ 633A.5102 — Application of cy pres

Iowa § 633A.5102

• Jurisdiction: Iowa
• Title XV: JUDICIAL BRANCH AND JUDICIAL PROCEDURES
• Ch. 633A: IOWA TRUST CODE

Text

Unless the terms of the trust provide to the contrary the following apply:
1. A charitable trust does not fail, in whole or in part, if a particular purpose for which the
trust was created becomes impracticable, unlawful, or impossible to fulfill.
2. If a particular charitable purpose for which a trust was created becomes impracticable,
unlawful, or impossible to fulfill, the court may modify the terms of the trust or direct that
the property of the trust be distributed in whole or in part in a manner best meeting the
settlor’s general charitable purposes. If an administrative provision of a charitable trust
becomes impracticable, unlawful, impossible to fulfill, or otherwise impairs the effective
administration of the trust, the court may modify the provision.