633A.4208 - COTRUSTEES. - Iowa Statutes

633A.4208 COTRUSTEES. 1. If a trust has more than one trustee, each trustee shall perform all of the following duties: a. Participate in the administration of the trust. b. Take reasonable steps to prevent a cotrustee from committing a breach of trust, and to compel a cotrustee to redress a breach of trust. 2. A trustee who complies with subsection 1 is not liable to the beneficiaries or to the trust for the decisions or actions of a cotrustee.          Section History: Recent Form 99 Acts, ch 125, §54, 109 C2001, §633.4208 2005 Acts, ch 38, §54 CS2005, §633A.4208