Minnesota Statutes and Minnesota Rules Index (topics)
TRUSTEES
See also TRUSTS
Accounting and bookkeeping
Court-supervised trusts, Minn. Statutes 2026 501C.0205
Sole proprietorships, Minn. Statutes 2026 501C.1108
Supplemental needs trusts, Minn. Statutes 2026 501C.1205
Trust property, Minn. Statutes 2026 501C.0810
Acknowledgments in a representative capacity, Minn. Statutes 2026 358.50, 358.52
Administration of trust
Court proceedings, attorney fees and costs, Minn. Statutes 2026 501C.1004
Discretion, Uniform Principal and Income Act, Minn. Statutes 2026 501C.1102
Duty to administer, Minn. Statutes 2026 501C.0801
Events affecting, Minn. Statutes 2026 501C.1007
Exculpatory provisions, Minn. Statutes 2026 501C.1008
Prudent administration, Minn. Statutes 2026 501C.0803
Torts committed, limitation on trustee personal liability, Minn. Statutes 2026 501C.1010
Affidavits
Personal property transactions, Minn. Statutes 2026 501C.1014
Real property transactions, Minn. Statutes 2026 501C.1014
Agents, delegated functions, Minn. Statutes 2026 501C.0807
Agricultural land, acquisition of title, Minn. Statutes 2026 500.221
Allocation of principal and income
Annuities, Minn. Statutes 2026 501C.1111
Natural resources, Minn. Statutes 2026 501C.1109
Power to adjust, Minn. Statutes 2026 501C.1112
Property subject to depletion, Minn. Statutes 2026 501C.1111
Prudent investor rule, Minn. Statutes 2026 501C.1112
Right to income, apportionment, Minn. Statutes 2026 501C.1104
Timber proceeds, Minn. Statutes 2026 501C.1110
Appointment
Accepting trusteeship, acts constituting, Minn. Statutes 2026 501C.0701
Confirmation, Minn. Statutes 2026 501C.0205
Decedents, death by wrongful act, Minn. Statutes 2026 573.02
Dissolution of marriage, Minn. Statutes 2026 518A.63
Generally, Minn. Statutes 2026 49.215
Partnerships, events causing expulsion of partners, Minn. Statutes 2026 323A.0601
Vacancies in trusteeship, Minn. Statutes 2026 501C.0704
Assets of trust, see Trust assets under this topic
Assignment of mortgages, foreclosure, duties, generally, Minn. Statutes 2026 582.11, 582.12
Authenticating trustees, investment securities
Registration of transfer, duties, Minn. Statutes 2026 336.8-407
Unauthorized signatures, Minn. Statutes 2026 336.8-205
Warranties, Minn. Statutes 2026 336.8-208
Bankruptcy, see Trustees under BANKRUPTCY
Banks acting as, see Trustees under BANKS
Beneficiaries
Duty of loyalty to, Minn. Statutes 2026 501C.0802
Impartiality, Minn. Statutes 2026 501C.0803
Notice to others treated as qualified beneficiaries, Minn. Statutes 2026 501C.0110
Power to select, Minn. Statutes 2026 501C.0402
Trustee as beneficiary, nonmerger of trust, Minn. Statutes 2026 501C.0402
Trusts for care of animals, Minn. Statutes 2026 501C.0110, 501C.0408
Bonds
Insurance companies, liquidation, filing new bonds, Minn. Statutes 2026 60B.26
Lawsuits on, Minn. Statutes 2026 574.11, 574.25
Running to state, Minn. Statutes 2026 574.11
Surety costs, expense claims, Minn. Statutes 2026 574.19
Trustee's bond, Minn. Statutes 2026 501C.0702
Breach of trust
Damages, Minn. Statutes 2026 501C.1002
Exculpatory provisions, Minn. Statutes 2026 501C.1008
Former trustees, enforcement and defense of claims, Minn. Statutes 2026 501C.0811
Remedies, Minn. Statutes 2026 501C.1001
Business corporations
Defined as legal representatives, Minn. Statutes 2026 302A.011
Cemetery associations, see Trustees under CEMETERY ASSOCIATIONS
Certificates of trust, Minn. Statutes 2026 501C.1013
Charitable organizations, Minn. Statutes 2026 309.52, 309.53, 309.55
Charitable trusts, see CHARITABLE TRUSTS
Child support, appointment to receive payment, Minn. Statutes 2026 518A.63
Church benefits boards, Minn. Statutes 2026 317A.909
Collecting trust property, powers, Minn. Statutes 2026 501C.0816
Combination of trusts, powers, Minn. Statutes 2026 501C.0417
Common interest communities, associations as, Minn. Statutes 2026 515B.3-119
Compensation
Beneficiary agreement, Minn. Statutes 2026 501C.0802
Charges against principal or income, Minn. Statutes 2026 501C.1113
Generally, Minn. Statutes 2026 501C.0708
Powers of appointment, Minn. Statutes 2026 502.851
Compensation and salaries, payment, Minn. Statutes 2026 181.16
Condominiums, unit owners association as, Minn. Statutes 2026 515.25, 515A.3-117
Confirmation, see Court proceedings under TRUSTS
Conflict of interest, Minn. Statutes 2026 501C.0802, 501C.0814
Continuing care facilities, rehabilitation, Minn. Statutes 2026 80D.11
Contracts and agreements
Limitation on trustee personal liability, Minn. Statutes 2026 501C.1010
Sale, mortgage or lease of real property, confirmation, Minn. Statutes 2026 501B.52, 501B.53, 501B.54
Conveyance of real property
Encumbrances, Minn. Statutes 2026 507.20, 507.21
Registered land, see Trustees under LAND REGISTRATION
Corporate trustees, scope of law, Minn. Statutes 2026 501C.0102
Corporations
Generally, see Trustees under CORPORATIONS
Legal work, Minn. Statutes 2026 481.02
Cotrustees
Duties and decisionmaking, Minn. Statutes 2026 501C.0703
Powers and duties, vacation of office by former trustee, Minn. Statutes 2026 501C.0707
Vacancies in trusteeship, Minn. Statutes 2026 501C.0704
County law libraries, see Board of trustees under COUNTY LAW LIBRARIES
Court proceedings
Administration of trust, Minn. Statutes 2026 501C.1004, 501C.1005
Beneficiaries, actions against trustees, Minn. Statutes 2026 501C.0802
Removal of trustee, Minn. Statutes 2026 501C.0706
Vacancies in trusteeship, Minn. Statutes 2026 501C.0704
Court-supervised trusts, appointment of trustee, Minn. Statutes 2026 501C.0205
Creditors, express trusts not declared, effect, Minn. Statutes 2026 507.48
Custodial trustees
Acceptance, Minn. Statutes 2026 529.04
Accounting by, Minn. Statutes 2026 529.14
Defined, Minn. Statutes 2026 529.01
Designation, Minn. Statutes 2026 529.03
Duties and powers, generally, Minn. Statutes 2026 529.06, 529.07
Generally, Minn. Statutes 2026 529.12, 529.13
Lawsuits against, limitations, Minn. Statutes 2026 529.15
Liability, Minn. Statutes 2026 529.11, 529.14
Limitations of action against, Minn. Statutes 2026 529.15
Obligations, Minn. Statutes 2026 529.04
Reports given, Minn. Statutes 2026 529.14
Debt management services providers, exclusion, Minn. Statutes 2026 332A.02
Decedents estates
Liability, estate taxes, payment, Minn. Statutes 2026 291.12
Property, power to sell, Minn. Statutes 2026 291.16
Sale of decedent's property to satisfy judgments, Minn. Statutes 2026 550.04
Tax returns of decedent, inspection, rights, Minn. Statutes 2026 270B.03
Deeds to, Minn. Statutes 2026 507.35
Definitions
Business corporations, Minn. Statutes 2026 302A.011
Commercial Code, Minn. Statutes 2026 336.3-307
Custodial trusts, Minn. Statutes 2026 529.01
Employment law, Minn. Statutes 2026 181.60
Estate taxes, Minn. Statutes 2026 524.3-916
Human Rights Act, Minn. Statutes 2026 363A.03
Income and franchise taxes, Minn. Statutes 2026 290.01
Industrial development districts, Minn. Statutes 2026 469.153
Interested persons, Minn. Statutes 2026 501C.0201
Limited liability companies, Minn. Statutes 2026 322C.0102
Nonprofit corporations, Minn. Statutes 2026 317A.011
Trust Code, Minn. Statutes 2026 501C.0103
Trusts, Minn. Statutes 2026 501B.35
Unemployment Insurance Law, Minn. Statutes 2026 268.035
Uniform Act for the Simplification of Fiduciary Security transfers, Minn. Statutes 2026 520.21
Uniform Fiduciaries Act, Minn. Statutes 2026 520.01
Uniform Fiduciary Access to Digital Assets Act, Minn. Statutes 2026 521A.02
Uniform Probate Code, Minn. Statutes 2026 524.1-201
Workers' compensation self-insurance, Minn. Statutes 2026 79A.01
Delegation
Cotrustees, Minn. Statutes 2026 501C.0703
Powers and duties, Minn. Statutes 2026 501C.0807
Delivery of property, Minn. Statutes 2026 501C.0809
Digital assets
Applicability, Minn. Statutes 2026 521A.03, 521A.17
Disclosure
Electronic communications, Minn. Statutes 2026 521A.11, 521A.12
Other assets, Minn. Statutes 2026 521A.13
Procedure, Minn. Statutes 2026 521A.06
Duties, Minn. Statutes 2026 521A.15
Liability, Minn. Statutes 2026 521A.16
Terms of service agreements, Minn. Statutes 2026 521A.05
User directions, Minn. Statutes 2026 521A.04
Directed trusts, Minn. Statutes 2026 501C.0808
Directing parties, powers and duties, Minn. Statutes 2026 501C.0808
Disclaimer of property interests
Delivery, Minn. Statutes 2026 524.2-1114
Effect, Minn. Statutes 2026 524.2-1110
Discretion
Powers and duties, Minn. Statutes 2026 501C.0814
Powers of appointment, Minn. Statutes 2026 502.851
Discretionary powers of distribution, statutory rule against perpetuities, Minn. Statutes 2026 501A.04
Dissolution of marriage, appointment to receive payments, Minn. Statutes 2026 518A.63
Distribution of trust assets
Creditor claims against beneficiary, Minn. Statutes 2026 501C.0504
Events affecting, Minn. Statutes 2026 501C.1007
Income earned during administration of decedent estate, Minn. Statutes 2026 501C.1105
Revocable trusts, Minn. Statutes 2026 501C.0602, 501C.0605
Termination of trust, Minn. Statutes 2026 501C.0817
Division of trusts, powers, Minn. Statutes 2026 501C.0417
Duty to inform and report, Minn. Statutes 2026 501C.0813
Employers, trustees defined as
Employment law, Minn. Statutes 2026 181.60
Unemployment Insurance Law, Minn. Statutes 2026 268.035
Estate taxes, Minn. Statutes 2026 524.3-916
Estates, tax returns, inspection by trustee, Minn. Statutes 2026 270B.03
Excess business holdings, Minn. Statutes 2026 501B.32
Exemptions, real estate licensure, Minn. Statutes 2026 82.56
Expenses
Charges against principal or income, Minn. Statutes 2026 501C.1103, 501C.1113
Income earned during administration of decedent estate, Minn. Statutes 2026 501C.1105
Reimbursement, Minn. Statutes 2026 501C.0709
Fiduciaries, trustees defined as
Commercial Code, Minn. Statutes 2026 336.3-307
Income and franchise taxes, Minn. Statutes 2026 290.01
Powers of appointment, Minn. Statutes 2026 502.851
Foreign corporations
Foreign corporations acting as, business transactions, Minn. Statutes 2026 303.03
Withdrawal applications, Minn. Statutes 2026 303.16
Foreign trust associations, acting as, Minn. Statutes 2026 303.25
General powers, Minn. Statutes 2026 501C.0815
Generally, Minn. Statutes 2026 501C.0701 to 501C.0709, 501C.0801 to 501C.0817
Generation-skipping taxes, Minn. Statutes 2026 524.3-916
Grain buyers, orders, Minn. Statutes 2026 223.17, 223.24
Housing Finance Agency, appointment, powers and duties, Minn. Statutes 2026 462A.16, 462A.17
Identification, trust property, Minn. Statutes 2026 501C.0810
Impartiality, Minn. Statutes 2026 501C.0803
Income, charges against, Minn. Statutes 2026 501C.1113
Income earned during administration of decedent estate, distribution of assets, Minn. Statutes 2026 501C.1105
Income taxes, assessment and collection, time limitations, Minn. Statutes 2026 270C.58, 289A.38
Individual retirement accounts
Banks, acting as trustees, Minn. Statutes 2026 48.15
Financial institutions, acting as trustees, Minn. Statutes 2026 47.75
Industrial development districts
Bondholders, rights and remedies, Minn. Statutes 2026 469.163
Limitations on powers, duties, and liabilities, Minn. Statutes 2026 469.161
Industrial loan and thrift companies, acting as trustees, Minn. Statutes 2026 53.05
Inventory, Minn. Statutes 2026 501C.0205
Investment Board, management duties, Minn. Statutes 2026 11A.04
Investments by
Health and Education Facilities Authority revenue bonds, Minn. Statutes 2026 15D.14
Higher Education Office revenue bonds, Minn. Statutes 2026 136A.178
Municipal gas agency bonds, Minn. Statutes 2026 453A.10
Municipal power agency bonds, Minn. Statutes 2026 453.60
Powers, Minn. Statutes 2026 501C.0816
Prudent investor rule, compliance, Minn. Statutes 2026 501C.0901
Public utilities, extraordinary event bonds, Minn. Statutes 2026 216B.497
Rural Finance Authority bonds, Minn. Statutes 2026 41C.10
Savings association accounts, Minn. Statutes 2026 51A.31
Savings bank accounts, Minn. Statutes 2026 50.17
Settlor reservation of control, effect, Minn. Statutes 2026 501C.1208
State university revenue bonds, Minn. Statutes 2026 136F.91
Irrevocable trusts, duty to inform and report, Minn. Statutes 2026 501C.0813
Joint property, casualty, or automobile self-insurance plans, board of trustees, Minn. Statutes 2026 60F.05
Joint self-insurance employee health plans, Minn. Statutes 2026 62H.05
Judgments, sale of decedent's property to satisfy, Minn. Statutes 2026 550.04
Jurisdiction
Personal jurisdiction of court, Minn. Statutes 2026 501C.0206
Place of administration, Minn. Statutes 2026 501C.0108
Lawsuits
Costs and disbursements, recovery, Minn. Statutes 2026 549.14
Death by wrongful act, Minn. Statutes 2026 573.02
Health and Education Facilities Authority revenue bonds, compelling performance, Minn. Statutes 2026 15D.13
Higher Education Office revenue bonds, compelling performance, Minn. Statutes 2026 136A.177
Legal representatives, trustees defined as
Business corporations, Minn. Statutes 2026 302A.011
Nonprofit corporations, Minn. Statutes 2026 317A.011
Liability
Absent breach of trust, Minn. Statutes 2026 501C.1003
Beneficiary consent to trustee conduct, Minn. Statutes 2026 501C.1009
Breach of trust, Minn. Statutes 2026 501C.1001
Contracts, interest as general partner, Minn. Statutes 2026 501C.1011
Cotrustees, Minn. Statutes 2026 501C.0703
Digital assets, Minn. Statutes 2026 521A.16
Events affecting administration or distribution of trust, Minn. Statutes 2026 501C.1007
Exculpatory provisions, Minn. Statutes 2026 501C.1008
Generally, Minn. Statutes 2026 501C.1001 to 501C.1011
Hazardous substances releases, exemption, Minn. Statutes 2026 115B.03
Income taxes, trusts, Minn. Statutes 2026 270C.58, 289A.31
Limitation of actions, Minn. Statutes 2026 501C.1005
Limitation on trustee personal liability, Minn. Statutes 2026 501C.1010
Persons assisting or dealing with trustee, Minn. Statutes 2026 501C.1012
Public corporations, Minn. Statutes 2026 317A.257
Reliance on trust instrument, Minn. Statutes 2026 501C.1006
Settlor reservation of investment control, effect, Minn. Statutes 2026 501C.1208
Life insurance, insurable interest in life of insured required, Minn. Statutes 2026 60A.0783
Life insurance companies, Minn. Statutes 2026 66A.43
Limited liability companies
Death, incompetency or bankruptcy of individual members, Minn. Statutes 2026 322C.0602
Dissociation of members, events causing, Minn. Statutes 2026 322C.0602
Limited partnerships, appointment, dissociation of partners, events causing, Minn. Statutes 2026 321.0603
Loyalty, duty of, Minn. Statutes 2026 501C.0802
Medical savings accounts, financial institutions, acting as trustees, Minn. Statutes 2026 47.75, 48.15
Minnesota State Academies Board, acting as trustees for academies' properties, Minn. Statutes 2026 125A.62
Mortgages, assignments, foreclosure, powers and duties, generally, Minn. Statutes 2026 582.11, 582.12
Multiparty accounts, see MULTIPARTY ACCOUNTS
Natural resources, lawsuits to recover damages, authorizing, Minn. Statutes 2026 115B.17
Nonprofit corporations, see Trustees under NONPROFIT CORPORATIONS
Oaths
Oaths of office, Minn. Statutes 2026 358.06
Power to administer, Minn. Statutes 2026 358.10
Trustees of decedents, Minn. Statutes 2026 573.02
Partnerships, enforcement, partners' contributions, winding up, Minn. Statutes 2026 323A.0807
Payments to, negotiable instruments, identification of payee, Minn. Statutes 2026 336.3-110
Personal obligations
Discretionary powers, Minn. Statutes 2026 501C.0814
Trust assets not subject to, Minn. Statutes 2026 501C.0507
Powers and duties
Control, protection, and delivery of tangible property, Minn. Statutes 2026 501C.0809
Cotrustees, Minn. Statutes 2026 501C.0703
Delegation, Minn. Statutes 2026 501C.0807
Discretionary powers, Minn. Statutes 2026 501C.0814
Distribution of assets, termination of trust, Minn. Statutes 2026 501C.0817
Duty of loyalty, Minn. Statutes 2026 501C.0802
Duty to inform and report, Minn. Statutes 2026 501C.0813
Enforcement and defense of claims, Minn. Statutes 2026 501C.0811
General powers, Minn. Statutes 2026 501C.0815
Generally, Minn. Statutes 2026 501C.0105, 501C.0801 to 501C.0817
Impartiality, Minn. Statutes 2026 501C.0803
Loyalty, Minn. Statutes 2026 501C.0802
Prudent administration, Minn. Statutes 2026 501C.0803, 501C.0804
Record keeping and identification of property, Minn. Statutes 2026 501C.0810
Revocable trusts, settlor powers, Minn. Statutes 2026 501C.0604
Specific powers, Minn. Statutes 2026 501C.0816
Powers of appointment
Creation of trust, Minn. Statutes 2026 501C.0401
Discretion, exercise of, Minn. Statutes 2026 502.851
Principal, charges against, Minn. Statutes 2026 501C.1113
Private foundations, duties, Minn. Statutes 2026 501B.32
Probate, distributions, Minn. Statutes 2026 524.3-913
Proxies, see PROXIES (PERSONS)
Prudent investor rule, Minn. Statutes 2026 501C.0901
Public corporations, liability of trustees, Minn. Statutes 2026 317A.257
Public retirement plans, see Board of trustees under specific plans
Real estate licensure, exemption, Minn. Statutes 2026 82.56
Register of trusts and trustees, attorney general, duties, Minn. Statutes 2026 501B.37
Reinsurers, Minn. Statutes 2026 60A.092
Rejecting trusteeship, acts constituting, Minn. Statutes 2026 501C.0701
Religious corporations, see Trustees under RELIGIOUS CORPORATIONS
Religious organizations and societies, appointment, dissolution proceedings, Minn. Statutes 2026 315.38
Removal of trustee
Powers of appointment, Minn. Statutes 2026 502.851
Procedures, Minn. Statutes 2026 501C.0706
Reports given, agricultural land, restrictions on acquisition of title, Minn. Statutes 2026 500.221
Representatives
Serving as, Minn. Statutes 2026 501C.0303
Trustees defined as, Minn. Statutes 2026 336.1-201
Residential mortgage originator and servicer licenses, exemptions, Minn. Statutes 2026 58.04, 58.05
Resignation of trustee, Minn. Statutes 2026 501C.0705
Revocable trusts
Distribution of assets, Minn. Statutes 2026 501C.0605
Duty to inform and report, Minn. Statutes 2026 501C.0813
Settlor powers, Minn. Statutes 2026 501C.0604
Settlor revocation or amendment, delivery of assets, Minn. Statutes 2026 501C.0602
Rural Finance Authority, bondholders, Minn. Statutes 2026 41C.09
Savings associations, see Trustees under SAVINGS ASSOCIATIONS
Savings banks
Accounts, rights, Minn. Statutes 2026 50.17
Acting as trustees, Minn. Statutes 2026 49.38, 50.085
School boards, independent school districts, authority, Minn. Statutes 2026 123B.02
Securities issued by, life insurance companies, investments, Minn. Statutes 2026 61A.28
Self-dealing, Minn. Statutes 2026 501B.32, 501C.0802, 501C.0814
Signatures, income tax returns, Minn. Statutes 2026 289A.08
Sole proprietorships, operation and accounts, Minn. Statutes 2026 501C.1108
Special fiduciaries, appointment, Minn. Statutes 2026 501C.0814
Specific powers, Minn. Statutes 2026 501C.0816
Split interest trusts, duties, Minn. Statutes 2026 501B.32
Spousal maintenance, appointment to receive payment, Minn. Statutes 2026 518A.63
Spouse-trustee, discretionary powers, Minn. Statutes 2026 501C.0814
Stocks or securities, powers, Minn. Statutes 2026 501C.0816
Successor trustees
Transfer of assets to, Minn. Statutes 2026 501C.0108
Vacation of office by former trustee, Minn. Statutes 2026 501C.0707
Supervision of Charitable Trusts and Trustees Act, Minn. Statutes 2026 501B.33 to 501B.45
Tax-exempt corporations, liability, Minn. Statutes 2026 317A.257
Tax returns
Income taxes, trusts, filing, duties, Minn. Statutes 2026 289A.08
Inspection, rights, Minn. Statutes 2026 270B.03
Taxable expenditures, Minn. Statutes 2026 501B.32
Testamentary trusts, Minn. Statutes 2026 524.1-201
Torts, limitation on trustee personal liability, Minn. Statutes 2026 501C.1010
Traffic accident reports, access to data, Minn. Statutes 2026 169.09
Trust assets
Control, protection and delivery, Minn. Statutes 2026 501C.0809
Distributions, termination of trust, Minn. Statutes 2026 501C.0412, 501C.0414
Powers of trustees, nonmerger of trusts, Minn. Statutes 2026 501C.0402
Sale or exchange, Minn. Statutes 2026 501C.0816
Self-dealing, Minn. Statutes 2026 501C.0507
Trust companies, acting as trustees
Cemetery associations, see Trustees under CEMETERY ASSOCIATIONS
Companies with 10,000 dollars minimum amount, Minn. Statutes 2026 48A.03
Fiduciary duties and powers, Minn. Statutes 2026 48A.07
Mergers or consolidations, effect, Minn. Statutes 2026 49.38
National banking associations, conversions, Minn. Statutes 2026 49.44
Trust instruments, reliance on terms, Minn. Statutes 2026 501C.1006
Trustee's bond, Minn. Statutes 2026 501C.0702
Uniform Fiduciary Access to Digital Assets Act, Minn. Statutes 2026 521A.01 to 521A.19
Uniform Principal and Income Act
Adjustment between principal and income, Minn. Statutes 2026 501C.1112
Discretion, Minn. Statutes 2026 501C.1102
Entity distributions, reliance on financial statements, Minn. Statutes 2026 501C.1106
Expenses, charges against principal or income, Minn. Statutes 2026 501C.1103, 501C.1113
Income earned during administration of decedent estate, distribution of assets, Minn. Statutes 2026 501C.1105
Vacancies in trusteeship
Actions constituting, Minn. Statutes 2026 501C.0704
Delivery of assets by former trustee, Minn. Statutes 2026 501C.0707
Removal of trustee, Minn. Statutes 2026 501C.0706
Resignation of trustee, Minn. Statutes 2026 501C.0705
Workers' compensation, see Payments by employers or insurers under WORKERS COMPENSATION