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.
4. Notice to a person who may represent and bind another person under this chapter has the same effect as if notice were given directly to the person represented.
5. The consent of a person who may represent and bind another person under this chapter is binding on the person represented unless the person represented objects to the representation before the consent would otherwise have become effective.
99 Acts, ch 125, §96, 109; 2002 Acts, ch 1107, §22
Previous Section 633.6202
Next Section 633.6302
© 2003 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Tue Jan 28 13:52:42 CST 2003
URL: /DOCS/IACODE/2003/633/6301.html
jhf