633A.3112 Trustee’s liability for distributions. 1. A trustee who distributes trust assets without making adequate provisions for the payment of debts and charges that are known or reasonably ascertainable at the time of thedistribution shall be jointly and severally liable with the beneficiaries to the extent of thedistributions made. 2. A trustee shall be entitled to indemnification from the beneficiaries for all amounts paid for debts and charges under this section, to the extent of distributions made. 2005 Acts, ch 38, §41, 55; 2006 Acts, ch 1104, §10; 2008 Acts, ch 1119, §30; 2011 Acts, ch 34, §141; 2012 Acts, ch 1123, §23, 32 Sat Dec 23 12:13:18 2023 Iowa Code 2024, Section 633A.3112 (22, 0)
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