Iowa § 637.425 Property not productive of income

Iowa Statutes

§ 637.425 — Property not productive of income

Iowa § 637.425

Title XVJUDICIAL BRANCH AND JUDICIAL PROCEDURES

Ch. 637UNIFORM PRINCIPAL AND INCOME ACT

This text of Iowa § 637.425 (Property not productive of income) 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 § 637.425 (2026).

Text

1.If a marital deduction is allowed for all or part of a trust whose assets consist substantially of property that does not provide the surviving spouse with sufficient income from or use of the trust assets, the spouse may require the trustee to make property productive of income or convert property within a reasonable time. The trustee may decide which action or combination of actions to take.

2.In all other cases, proceeds from the sale or other disposition of an asset are principal without regard to the amount of income the asset produces during any accounting period.

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1. If a marital deduction is allowed for all or part of a trust whose assets consist
substantially of property that does not provide the surviving spouse with sufficient income
from or use of the trust assets, the spouse may require the trustee to make property
productive of income or convert property within a reasonable time. The trustee may decide
which action or combination of actions to take.
2. In all other cases, proceeds from the sale or other disposition of an asset are principal
without regard to the amount of income the asset produces during any accounting period.