633.4501  Violations of duties--breach of trust.

1.  A violation by a trustee of a duty the trustee owes a beneficiary is a breach of trust.

2.  The remedies of a beneficiary for breach of trust are exclusively equitable and any action shall be brought in a court of equity.

Section History: Recent form

  99 Acts, ch 125, §73, 109

Footnotes

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


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