633A.4601 Personal liability — limitations. 1. Except as otherwise provided in the contract or in this part, a trustee is not personally liable on a contract properly entered into in the trustee’s fiduciary capacity in the course ofadministration of the trust unless the trustee fails to reveal the representative capacity oridentify the trust in the contract. 2. A trustee is personally liable for obligations arising from ownership or control of trust property, including liability for environmental law violations, and for torts committed in thecourse of administering a trust only if the trustee is personally at fault. 3. A claim based on a contract entered into by a trustee in the trustee’s representative capacity, on an obligation arising from ownership or control of trust property, or on atort committed in the course of administering a trust may be asserted against the trust byproceeding against the trustee in the trustee’s representative capacity, whether or not thetrustee is personally liable on the claim. 4. A question of liability as between the trust and the trustee personally may be determined in a proceeding brought under section 633A.6202. ther or not thetrustee is personally liable on the claim. 4. A question of liability as between the trust and the trustee personally may be determined in a proceeding brought under section 633A.6202. 99 Acts, ch 125, §79, 109C2001, §633.46012002 Acts, ch 1107, §19; 2005 Acts, ch 38, §54, 55CS2005, §633A.4601 Sat Dec 23 12:13:39 2023 Iowa Code 2024, Section 633A.4601 (18, 0)
Iowa Legal Code