637.614 Good faith actions. Any trustee or disinterested person who in good faith takes or fails to take any action under this subchapter shall not be liable to any person affected by such action or inaction, regardlessof whether such person received written notice as provided in this subchapter and regardlessof whether such person was under a legal disability at the time of the delivery of such notice.Such person’s exclusive remedy shall be to obtain an order of the court directing the trusteeto convert an income trust to a total return unitrust, or to reconvert a total return unitrust toan income trust. 2002 Acts, ch 1086, §18, 21Referred to in §637.613 Sat Dec 23 12:19:27 2023 Iowa Code 2024, Section 637.614 (17, 0)
Iowa Legal Code