Iowa § 633F.14 Expenses, compensation, and bond of custodial trustee

Iowa Statutes

§ 633F.14 — Expenses, compensation, and bond of custodial trustee

Iowa § 633F.14

Title XVJUDICIAL BRANCH AND JUDICIAL PROCEDURES

Ch. 633FIOWA UNIFORM CUSTODIAL TRUST ACT

This text of Iowa § 633F.14 (Expenses, compensation, and bond of custodial 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 § 633F.14 (2026).

Text

Exceptasotherwiseprovidedintheinstrumentcreatingthecustodialtrust,inanagreement with the beneficiary, or by court order, all of the following are true:

1.A custodial trustee is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services.

2.A custodial trustee has a noncumulative election, to be made no later than six months aftertheendofeachcalendaryear,tochargeareasonablecompensationforfiduciaryservices performed during that year.

3.A custodial trustee need not furnish a bond or other security for the faithful performance of fiduciary duties.

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Exceptasotherwiseprovidedintheinstrumentcreatingthecustodialtrust,inanagreement
with the beneficiary, or by court order, all of the following are true:
1. A custodial trustee is entitled to reimbursement from custodial trust property for
reasonable expenses incurred in the performance of fiduciary services.
2. A custodial trustee has a noncumulative election, to be made no later than six months
aftertheendofeachcalendaryear,tochargeareasonablecompensationforfiduciaryservices
performed during that year.
3. A custodial trustee need not furnish a bond or other security for the faithful
performance of fiduciary duties.