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Minnesota Statutes
Property and Property Interests
Chapter 501C
Minn. Stat. ch. 501C
Trusts
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501C.0101
Short Title
501C.0102
Scope
501C.0103
Definitions
501C.0104
Knowledge
501C.0105
Default and Mandatory Rules
501C.0106
Common Law of Trusts; Principles of Equity
501C.0107
Governing Law
501C.0108
Principal Place of Administration
501C.0109
Methods and Waiver of Nonjudicial Notice
501C.0110
Others Treated as Qualified Beneficiaries
501C.0111
Nonjudicial Settlement Agreements
501C.0112
Rules of Construction
501C.0201
Role of Court in Administration of Trust and Nature of Judicial Proceeding
501C.0202
Subject Matter of Judicial Proceedings
501C.0203
Order for Hearing and Notice
501C.0204
Order and Appeal
501C.0205
Court-supervised Trusts
501C.0206
Personal Jurisdiction over Trustee and Beneficiary
501C.0207
Venue
501C.0208
Application
501C.0301
Representation: Basic Effect
501C.0302
Representation by Holder of a Power of Appointment
501C.0303
Representation by Fiduciaries and Parents
501C.0304
Representation by Person Having Substantially Identical Interest
501C.0305
Representation by Court; Appointment of Representative
501C.0401
Methods of Creating Trust
501C.0402
Requirements for Creation
501C.0403
Trusts Created in Other Jurisdictions
501C.0404
Trust Purposes
501C.0406
Creation of Trust Induced by Fraud, Duress, or Undue Influence
501C.0407
Evidence of Oral Trust
501C.0408
Trust for Care of Animal
501C.0409
Noncharitable Trust Without Ascertainable Beneficiary
501C.0410
Modification or Termination of Trust; Proceedings for Approval or Disapproval
501C.0411
Modification or Termination of Noncharitable Irrevocable Trust by Consent
501C.0412
Modification or Termination Because of Unanticipated Circumstances or Inability to Administer Trust Effectively
501C.0414
Modification or Termination of Uneconomic Trust
501C.0415
Reformation to Correct Mistakes
501C.0416
Modification to Achieve Settlor's Tax Objectives
501C.0417
Combination and Division of Trusts
501C.0502
Spendthrift Provision
501C.0504
Right to Compel Distribution
501C.0505
Creditor's Claim Against Settlor
501C.0506
Overdue Distribution
501C.0507
Personal Obligations of Trustee
501C.0601
Capacity of Settlor of Revocable Trust
501C.0602
Revocation or Amendment of Revocable Trust
501C.0603
Written Statement Regarding Tangible Personal Property
501C.0604
Settlor's Powers
501C.0605
Limitation on Action Contesting Validity of Revocable Trust; Distribution of Trust Property
501C.0701
Accepting or Declining Trusteeship
501C.0702
Trustee's Bond
501C.0703
Cotrustees
501C.0704
Vacancy in Trusteeship; Appointment of Successor
501C.0705
Resignation of Trustee
501C.0706
Removal of Trustee
501C.0707
Delivery of Property by Former Trustee
501C.0708
Compensation of Trustee
501C.0709
Reimbursement of Expenses
501C.0801
Duty to Administer Trust
501C.0802
Duty of Loyalty
501C.0803
Impartiality
501C.0804
Prudent Administration
501C.0807
Delegation by Trustee
501C.0808
Directed Trusts
501C.0809
Control, Protection, and Delivery of Trust Property
501C.0810
Record Keeping and Identification of Trust Property
501C.0811
Enforcement and Defense of Claims
501C.0813
Duty to Inform and Report
501C.0814
Discretionary Powers; Tax Savings
501C.0815
General Powers of Trustee
501C.0816
Specific Powers of Trustee
501C.0817
Distribution upon Termination
501C.0901
Investment and Management of Trust Assets
501C.1001
Remedies for Breach of Trust
501C.1002
Damages for Breach of Trust
501C.1003
Remedies in Absence of Breach
501C.1004
Attorney Fees and Costs
501C.1005
Limitation of Action Against Trustee
501C.1006
Reliance on Trust Instrument
501C.1007
Event Affecting Administration or Distribution
501C.1008
Exculpation of Trustee
501C.1009
Beneficiary's Consent, Release, or Ratification
501C.1010
Limitation on Personal Liability of Trustee
501C.1011
Interest as General Partner
501C.1012
Protection of Person Dealing with Trustee
501C.1013
Certificate of Trust
501C.1014
Affidavit of Trustee in Real Property Transactions
501C.1101
Definitions
501C.1102
Duty of Trustee as to Receipts and Expenditure
501C.1103
Income; Principal; Charges
501C.1104
When Right to Income Arises; Apportionment of Income
501C.1105
Income Earned During Administration of a Decedent's Estate
501C.1106
Entity Distributions
501C.1107
Bond Premium and Discount
501C.1108
Sole Proprietorships
501C.1109
Disposition of Natural Resources
501C.1110
Timber
501C.1111
Annuities, Qualified and Nonqualified Employee Compensation, Retirement Plans and Other Property Subject to Depletion
501C.1112
Trustee's Power to Adjust
501C.1113
Charges Against Income and Principal
501C.1114
Nontrust Estates
501C.1115
Application
501C.1116
Ascertainment of Income or Principal
501C.1117
Uniformity of Interpretation
501C.1118
Short Title
501C.1201
Memorial Fund
501C.1202
Suspension of the Power of Alienation
501C.1203
Trusts Forming Part of Retirement Plans for Participating Members
501C.1204
Trusts Not Affected
501C.1205
Trust Provisions Linked to Public Assistance Eligibility; Supplemental Needs Trusts
501C.1206
MS 2020 [Repealed, 2022 c 98 art 2 s 16]
501C.1207
Effect of Dissolution of Marriage
501C.1208
Settlor and Agents of Settlor
501C.1301
Uniformity of Application and Construction
501C.1302
Electronic Records and Signatures
501C.1303
Severability
501C.1304
Application to Existing Relationships