633.4307  Investment costs.

In investing and managing trust property, a trustee may only incur costs that are appropriate and reasonable in relation to the property, the purposes of the trust, and the skills of the trustee.

Section History: Recent form

  99 Acts, ch 125, §67, 109

Footnotes

  Section effective July 1, 2000; 99 Acts, ch 125, §109


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