633A.4101 Acceptance or declination to serve as trustee. 1. A person named as trustee accepts the office of trustee by doing one of the following:a. Signing the trust instrument, or signing a separate written acceptance.b. Except as provided in subsection 3, knowingly accepting delivery of the trust property or exercising powers or performing duties as trustee. 2. A person named as trustee who has not yet accepted the office of trustee may in writing decline to serve as trustee. 3. If there is an immediate risk of damage to the trust property, the person named as trustee may act to preserve the trust property without accepting the office of trustee, if withina reasonable time after acting, the person delivers a written declination to serve to the settlor,or if the settlor is dead or lacks capacity, to the beneficiaries eligible to receive income orprincipal distributions from the trust. 99 Acts, ch 125, §36, 109; 2000 Acts, ch 1150, §20C2001, §633.41012005 Acts, ch 38, §54CS2005, §633A.4101 Sat Dec 23 12:13:20 2023 Iowa Code 2024, Section 633A.4101 (18, 0)
Iowa Legal Code