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§ 633a-6105 — Iowa Law | CourtGPT
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Iowa Legal Code

§ 633a-6105

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633A.6105 Transfer of jurisdiction. 1. The court may transfer the place of administration of a trust to or from this state or transfer some or all of the trust property to a trustee in or outside this state if it finds that thetransfer of the trust property to a trustee in this or another jurisdiction, or the transfer of theplace of administration of a trust to this or another jurisdiction, will promote the best interestsof the trust and those interested in it, taking into account the economical and convenientadministration of the trust and the views of the qualified beneficiaries. 2. A new trustee to whom the trust property is to be transferred shall be qualified, willing, and able to administer the trust or trust property under the terms of the trust. 3. If the trust or any portion of the trust property is transferred to another jurisdiction and if approval of the transfer by the other court is required under the law of the other jurisdiction,the proper court in the other jurisdiction must have approved the transfer in order for thetransfer to be effective. 4. If a transfer is ordered, the court may direct the manner of transfer and impose terms and conditions as may be just,

tion must have approved the transfer in order for thetransfer to be effective. 4. If a transfer is ordered, the court may direct the manner of transfer and impose terms and conditions as may be just, including a requirement for the substitution of a successortrustee in any pending litigation in this state. A delivery of property in accordance with theorder of the court is a full discharge of the trustee with respect to all property specified in theorder. 5. If the court grants a petition to transfer a trust or trust property to this state, the court shall require the trustee to give a bond, if necessary under the law of the other jurisdiction orof this state, and may require bond as provided in section 633A.4102. 6. Without precluding the right of the court to order, approve, or disapprove a transfer, the trustee, in furtherance of the trustee’s duty to administer the trust at a place appropriate toits purpose or administration, and the interests of the beneficiaries, may transfer the trust’sprincipal place of administration to another state or to a jurisdiction outside the United States.

ate toits purpose or administration, and the interests of the beneficiaries, may transfer the trust’sprincipal place of administration to another state or to a jurisdiction outside the United States. 99 Acts, ch 125, §93, 109C2001, §633.61052002 Acts, ch 1107, §21; 2003 Acts, ch 95, §20; 2005 Acts, ch 38, §54, 55CS2005, §633A.6105 Sat Dec 23 12:13:54 2023 Iowa Code 2024, Section 633A.6105 (18, 0)