633A.4505 Exculpation of trustee. A provision in the terms of the trust relieving a trustee of liability for breach of trust is unenforceable to the extent that it does either of the following: 1. Relieves a trustee of liability for breach of trust committed intentionally, with gross negligence, in bad faith, or with reckless indifference to the interest of the beneficiary, or forany profit derived by the trustee from the breach. 2. Was inserted as the result of an abuse by the trustee of a fiduciary or confidential relationship to the settlor. 99 Acts, ch 125, §77, 109C2001, §633.45052005 Acts, ch 38, §54CS2005, §633A.4505 Sat Dec 23 12:13:38 2023 Iowa Code 2024, Section 633A.4505 (18, 0)
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