1. For purposes of this subpart, "fiduciary matter" includes any item listed in section 633.6202, subsection 2.
2. Persons interested in a fiduciary matter may approve a judicial settlement and represent and bind other persons interested in the fiduciary matter.
3. Except to the extent the terms of the trust indicate that the procedures specified are not to apply, a person interested in a fiduciary matter may approve a nonjudicial settlement containing such terms and conditions as a court could properly approve and represent and bind other persons interested in the fiduciary matter.
99 Acts, ch 125, §96, 109
Section effective July 1, 2000; 99 Acts, ch 125, §109
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