SSB 1003 (LSB 1218XC (2) 88)

SENATE FILE _____ 

BY  (PROPOSED COMMITTEE ON JUDICIARY BILL BY CHAIRPERSON ZAUN)

A BILL FOR

An Act relating to the requirements for certifications of trust and including applicability provisions.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 633A.4604, subsection 2, Code 2019, is amended to read as follows:
   2.  The certification of trust must contain a statement do all of the following:
   a.  State that the trust has not been revoked, modified, or amended in any manner which that would cause the representations contained in the certification of trust to be incorrect and must contain a statement that it is being.
   b.  Be signed by all of the a currently acting trustees of the trust and is sworn and trustee or the attorney of an acting trustee.
   c.  Be subscribed and sworn to under penalty of perjury before a notary public as provided in chapter 9B.
    Sec. 2.  APPLICABILITY.  This Act applies to certifications of trust signed on and after July 1, 2019.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill relates to the requirements for a certification of trust. Under current law, the certification of trust must contain a statement that it is being signed by all of the currently acting trustees of the trust. Under the bill, the certification of trust must be signed by an acting trustee or the attorney for an acting trustee. The bill applies to certifications of trust signed on and after July 1, 2019.