TRUSTS

See also BENEFICIARIES; CY PRES; FIDUCIARIES; TRUST ACCOUNTS; TRUST COMPANIES; TRUST FUNDS; TRUSTEES

Actions to enforce, statutes of limitations, Minn. Statutes 2009 541.05

Active express trusts

Declaration, lack of, bona fide purchasers, effect, Minn. Statutes 2009 501B.05

Grantors, reversion of legal estates and interests, Minn. Statutes 2009 501B.04

Lawsuits, costs and disbursements, recovery, Minn. Statutes 2009 549.14

Purpose, Minn. Statutes 2009 501B.01, 501B.03

Real property, sale, mortgage or lease, Minn. Statutes 2009 501B.46 to 501B.57

Administration

Affidavits, birth and death records, copies, issuance, Minn. Statutes 2009 144.225

General rules, Minn. Statutes 2009 501B.60

Alternative care recipients, Minn. Statutes 2009 501B.895

American employers, trusts defined as, Minn. Statutes 2009 268.035

Aquaculture farmers, Minn. Statutes 2009 17.498

Assets

Defined as personal property, Minn. Statutes 2009 256J.08

Enumerated powers of trustees, generally, Minn. Statutes 2009 501B.81

Portfolio management strategies, see Trust assets, powers of trustees under TRUSTEES

Real property, sale, mortgage, or lease, generally, Minn. Statutes 2009 501B.46 to 501B.57

Beneficiaries, see Trusts under BENEFICIARIES

Bona fide charities, trusts defined as, Minn. Statutes 2009 32.70

Bonds (public debt), Minn. Statutes 2009 501B.25

Business corporations, personnel benefits, Minn. Statutes 2009 302A.161

Business trusts, see BUSINESS TRUSTS

Certificates of trust, Minn. Statutes 2009 501B.56

Charitable trusts, see CHARITABLE TRUSTS

Church benefits boards, Minn. Statutes 2009 317A.909

Commercial telephone solicitation, exemption, Minn. Statutes 2009 325E.26

Common law trusts, see BUSINESS TRUSTS

Constructive trusts, express trusts not declared

Bona fide purchasers, effect, Minn. Statutes 2009 501B.05

Contested cases, health services trusts

Birth certificate data, disclosure, Minn. Statutes 2009 144.225

Contracts and agreements

Nonjudicial settlement agreements, Minn. Statutes 2009 501B.154, 501B.155

Contracts to make, statutory rule against perpetuities, Minn. Statutes 2009 501A.04

Contracts to revoke, statutory rule against perpetuities, Minn. Statutes 2009 501A.04

Cooper/Sams volunteer ambulance trust

Established, Minn. Statutes 2009 144E.42

Investment Board, duties, Minn. Statutes 2009 144E.40, 144E.44

Legal status, Minn. Statutes 2009 144E.42, 144E.47

Purpose, Minn. Statutes 2009 144E.40

Corporations

Pass-through entities, distributions, Minn. Statutes 2009 501B.64

Trusts issuing securities defined as, Minn. Statutes 2009 520.21

County nursing homes, management of, Minn. Statutes 2009 376.58

Court, defined, Minn. Statutes 2009 529.01

Court proceedings

Annual accounting, exception, Minn. Statutes 2009 501B.23

Appeals, Minn. Statutes 2009 501B.21

Confirmation of appointment of trustee, Minn. Statutes 2009 501B.22

Exceptions, Minn. Statutes 2009 501B.25

Generally, Minn. Statutes 2009 501B.16 to 501B.25

Hearings, Minn. Statutes 2009 501B.18 to 501B.20

Holders of general powers, representation of beneficiaries, Minn. Statutes 2009 501B.20

Jurisdiction, district court, Minn. Statutes 2009 501B.24

Notice, Minn. Statutes 2009 501B.18

Orders, Minn. Statutes 2009 501B.16, 501B.18, 501B.21

Sale, mortgage or lease of real property, Minn. Statutes 2009 501B.47 to 501B.55

Venue, Minn. Statutes 2009 501B.17

Voting trusts, Minn. Statutes 2009 501B.25

Creation by instrument, Trustees' Powers Act

Incorporation by reference, Minn. Statutes 2009 501B.80

Credit, Minn. Statutes 2009 334.022

Custodial property

Acceptance by custodial trustees, Minn. Statutes 2009 529.04

Debit or credit card payments from, Minn. Statutes 2009 529.08

Distribution upon termination of custodial trust, Minn. Statutes 2009 529.16

Generally, Minn. Statutes 2009 529.02

Liability, third persons, Minn. Statutes 2009 529.10, 529.11

Survivorship, Minn. Statutes 2009 529.05

Transfers to minors, see Custodial property under TRANSFERS TO MINORS

Use of, Minn. Statutes 2009 529.08

Custodial trusts

Beneficiaries, Minn. Statutes 2009 529.01, 529.05, 529.09

Definitions, Minn. Statutes 2009 529.01

Exceptions, Minn. Statutes 2009 529.02

Forms, Minn. Statutes 2009 529.04, 529.17

Generally, Minn. Statutes 2009 529.17

Governing law, Minn. Statutes 2009 529.18

Jurisdiction, Minn. Statutes 2009 529.04

Liability, third persons, Minn. Statutes 2009 529.10, 529.11

Memorial fund trust, Minn. Statutes 2009 501B.012

Standby custodians, conflicting documents, prevailing document, Minn. Statutes 2009 257B.08

Survivorship, Minn. Statutes 2009 529.05

Termination, Minn. Statutes 2009 529.02

Third persons, liability, Minn. Statutes 2009 529.10, 529.11

Titles, recording, Minn. Statutes 2009 529.06

Uniform Custodial Trust Act, Minn. Statutes 2009 529.01 to 529.19

Custodians of real property

Affidavits of custodianship, Minn. Statutes 2009 501B.571

Certificates of custodianship, Minn. Statutes 2009 501B.561

Data

Health services trusts, birth certificate data, disclosure, Minn. Statutes 2009 144.225

Tax returns, see same under this topic

Declarations of trust

Assignments, declarations of trust defined as, Minn. Statutes 2009 520.21

Declaratory judgment, right to request, Minn. Statutes 2009 555.04

Deeds of trust, see under DEEDS

Definitions

Business corporations, Minn. Statutes 2009 302A.011

Dairy trade practices, Minn. Statutes 2009 32.70

Disclaimer of estate property interests, Minn. Statutes 2009 524.2-1102

Foreign corporations, Minn. Statutes 2009 303.02

Health care cost containment, Minn. Statutes 2009 62J.03

Income and franchise taxes, Minn. Statutes 2009 290.01

Insurance law, Minn. Statutes 2009 60A.02

Investments of Insurers Act, Minn. Statutes 2009 60L.01

Limited liability companies, Minn. Statutes 2009 322B.03

Nonprofit corporations, Minn. Statutes 2009 317A.011

Unemployment Insurance Law, Minn. Statutes 2009 268.035

Uniform Custodial Trust Act, Minn. Statutes 2009 529.01

Uniform Principal and Income Act, Minn. Statutes 2009 501B.59, 501B.64

Uniform Probate Code, Minn. Statutes 2009 524.1-201

Designated settlement fund, definitions, Minn. Statutes 2009 290.01

Disclaimer of estate property interests, Minn. Statutes 2009 524.2-1101 to 524.2-1116

Disclosure

Health services trusts, birth certificate data, Minn. Statutes 2009 144.225

Tax returns of trust, Minn. Statutes 2009 270B.03

Distributions

Income, MFIP participants or applicants, Minn. Statutes 2009 256J.21

Pass-through entities, Minn. Statutes 2009 501B.64

Division of trusts, trustees, powers, Minn. Statutes 2009 501B.15

Drafting, nonattorneys, Minn. Statutes 2009 481.02

Duluth Teachers Retirement Fund Association

Establishment as, Minn. Statutes 2009 354A.021

Duty on estate or trust, income and franchise taxes, Minn. Statutes 2009 290.01

Earnings, depositing, Minn. Statutes 2009 16A.72

Employers, trusts defined as

Unemployment Insurance Law, Minn. Statutes 2009 268.035

Enforcement of law, Uniform Custodial Trust Act, Minn. Statutes 2009 529.02

Expenses, payment by trustee

Enumerated powers of trustees, Minn. Statutes 2009 501B.81

Express trusts, see Active express trusts under this topic

Family farm trusts, Minn. Statutes 2009 500.24

Federal taxable income, Minn. Statutes 2009 290.01

Fees, orders for payment, district court, petitions to, Minn. Statutes 2009 501B.16

Fiduciaries, trust income tax returns, filing, duties, Minn. Statutes 2009 289A.08, 289A.12

Financial asset securitization investment trusts (FASITS), Minn. Statutes 2009 290.015, 290.9743, 290.9744

Foreign trust associations, generally, Minn. Statutes 2009 303.25

Government sponsored enterprises, defined, Minn. Statutes 2009 60L.01

Grantors, income, jurisdiction to tax, Minn. Statutes 2009 290.014

Gross income, allocation to state, Minn. Statutes 2009 290.17

Guardians ad litem, Minn. Statutes 2009 501B.01 to 501B.13

Guardians and conservators, Minn. Statutes 2009 501B.01 to 501B.13

Guardians of minors, Minn. Statutes 2009 501B.01 to 501B.13

Health care facilities, first class cities, Minn. Statutes 2009 447.14, 447.15, 447.16

Health care services trusts

Claims, use of unique patient identification numbers, Minn. Statutes 2009 62J.54

Contested cases, birth certificate data, disclosure, Minn. Statutes 2009 144.225

Data collection, see under HEALTH CARE

Group purchasers, see under HEALTH CARE

Incapacitated, defined, Minn. Statutes 2009 529.01

Income and franchise taxes, see Trusts under INCOME AND FRANCHISE TAXES

Income interest, Minn. Statutes 2009 501B.63

Industrial loan and thrift companies, accepting, Minn. Statutes 2009 53.05

Insurance companies, Minn. Statutes 2009 60A.10

Insurance trusts, Minn. Statutes 2009 13.714, 471.982

Inter vivos trusts

Affidavits, trustees, real property transactions, Minn. Statutes 2009 501B.57

Medical assistance or alternative care, Minn. Statutes 2009 501B.895

Transfer on death deeds, Minn. Statutes 2009 507.071

Inventories and annual accounts, exception, Minn. Statutes 2009 501B.23

Investment powers

Reservation in grantor, effect on trustee, Minn. Statutes 2009 501B.12

Investments in, Investment Board, Minn. Statutes 2009 11A.24

Joint powers investment trusts, Minn. Statutes 2009 118A.05

Joint self-insurance employee health plan arrangements

Requirements, generally, Minn. Statutes 2009 62H.05

Joint self-insurance plans, Minn. Statutes 2009 60F.05

Lawsuits

Foreign trust associations, Minn. Statutes 2009 303.25

Health services trusts, birth certificate data, disclosure violations, Minn. Statutes 2009 144.225

Legal representatives, defined, Minn. Statutes 2009 529.01

Liability

Defined, Minn. Statutes 2009 60A.02

Taxes

Claims for refunds, Minn. Statutes 2009 270C.56

Payment or return violations, Minn. Statutes 2009 270C.56

Life insurance, insurable interest in life of insured required, Minn. Statutes 2009 60A.0783

Limited liability companies, personnel benefits, Minn. Statutes 2009 322B.20

Limited partnerships, dissociation of partners

Events causing, Minn. Statutes 2009 321.0601, 321.0603

Living trusts, see Inter vivos trusts under this topic

Long-term care insurance, see LONG-TERM CARE INSURANCE

Massachusetts trusts, see BUSINESS TRUSTS

Medical assistance recipients

Generally, Minn. Statutes 2009 256B.056, 256B.0595, 256B.093

Trusts assets or income, Minn. Statutes 2009 501B.895

Members of the beneficiary's family, defined, Minn. Statutes 2009 529.01

Memorial fund trusts, Minn. Statutes 2009 501B.012

Merger of trusts, trustees, powers, Minn. Statutes 2009 501B.15

Mortgage foreclosures, assignment of mortgages

Trustees, duties, Minn. Statutes 2009 582.11, 582.12

Multiple employer trusts

Insurance policies, Minn. Statutes 2009 61A.02, 62A.10, 72A.491

Multiple trusts, trustees, enumerated powers, Minn. Statutes 2009 501B.81

Mutual insurance companies, conversion to stock companies, Minn. Statutes 2009 66A.41

Nonjudicial settlement agreements

Proceedings, Minn. Statutes 2009 501B.155

Validity, generally, Minn. Statutes 2009 501B.154

Nonprofit corporations, Minn. Statutes 2009 317A.161

Nontrust estates, Uniform Principal and Income Act, Minn. Statutes 2009 501B.72

Notice given

Health services trusts, birth certificate data, Minn. Statutes 2009 144.225

Income and franchise taxes, extensions, or changes to tax status or return information, Minn. Statutes 2009 290.05

Organizations, trusts defined as

Business corporations, Minn. Statutes 2009 302A.011

Limited liability companies, Minn. Statutes 2009 322B.03

Nonprofit corporations, Minn. Statutes 2009 317A.011

Participation in, nonprofit corporations, Minn. Statutes 2009 317A.161

Partners (partnerships), distribution of entire transferable interest

Events causing expulsion of partners, Minn. Statutes 2009 323A.0601

Pass-through entities, distributions, Minn. Statutes 2009 501B.64

Passive express trusts, Minn. Statutes 2009 501B.02

Payments from, medical assistance, treatment, Minn. Statutes 2009 256B.056, 256B.093

Personal property, homestead, determination, Minn. Statutes 2009 273.124

Pooled trusts, medical assistance transfers, Minn. Statutes 2009 256B.056, 256B.0595

Power of alienation, Minn. Statutes 2009 501B.09

Power of attorney, real estate transactions, Minn. Statutes 2009 523.17

Powers of appointment, Minn. Statutes 2009 502.79

Principal place of business, defined as residence, Minn. Statutes 2009 61B.20

Property

Basis, federal and state income taxes, Minn. Statutes 2009 290.01

Options to buy or sell, defined as principal, Minn. Statutes 2009 501B.61

Trustee disclaimer of interests, Minn. Statutes 2009 524.2-1110

Prudent investor rule, Minn. Statutes 2009 501B.151

Public funds, investment trusts, Minn. Statutes 2009 118A.05

Public libraries, first class cities, Minn. Statutes 2009 447.14, 447.15, 447.16

Real estate investment trusts, see REAL ESTATE INVESTMENT TRUSTS

Real property

Agricultural homestead, determination, Minn. Statutes 2009 273.124

Custodianships, Minn. Statutes 2009 501B.561, 501B.571

Homestead, determination, Minn. Statutes 2009 273.124

Sale, mortgage or lease, Minn. Statutes 2009 501B.46 to 501B.55

Transactions, by power of attorney, Minn. Statutes 2009 523.17

Register of trusts and trustees, attorney general, duties, Minn. Statutes 2009 501B.37

Registered land, trusts

Transfer of registered land, Minn. Statutes 2009 508.61, 508.62, 508A.61, 508A.62

Reinsurance, Minn. Statutes 2009 60A.097

Resident trusts, Minn. Statutes 2009 290.01

Resulting trusts, Minn. Statutes 2009 501B.05, 501B.07

Retirement plans, beneficiaries, powers, limitations, Minn. Statutes 2009 501B.87

Revocable trusts, Minn. Statutes 2009 501B.90

Safe deposit companies, ascertaining trust relationships, Minn. Statutes 2009 55.11

Saint Paul Teachers Retirement Fund Association

Establishment as, Minn. Statutes 2009 354A.021

Service of process on

Withholding (taxes), noncompliance notice, Minn. Statutes 2009 290.92

Split interest trusts, incorporation provisions, Minn. Statutes 2009 501B.32

Spouses, remarriage of divorced spouses

Revival of trust provisions, effect, Minn. Statutes 2009 501B.90

Statute of frauds, Minn. Statutes 2009 513.03

Substantial owners, income, jurisdiction to tax, Minn. Statutes 2009 290.014

Successor trustees, Minn. Statutes 2009 501B.08

Supplemental needs trusts, see SUPPLEMENTAL NEEDS TRUSTS

Tax-exempt trusts, Minn. Statutes 2009 270B.02

Tax returns

Disclosure, Minn. Statutes 2009 270B.03

Income taxes, Minn. Statutes 2009 289A.08, 289A.12, 289A.18, 290.014

Violations, personal liability, Minn. Statutes 2009 270C.56

Who may inspect, Minn. Statutes 2009 270B.03

Taxes, personal liability, Minn. Statutes 2009 270C.56

Testamentary additions to, Minn. Statutes 2009 524.2-511

Testamentary trusts, see TESTAMENTARY TRUSTS

Third persons, exemption from liability, custodial trusts, Minn. Statutes 2009 529.10

Transfer to trust company

Substitution of affiliates, conditions, Minn. Statutes 2009 48A.10

Transferors, medical assistance recipients asset transfers, exceptions, Minn. Statutes 2009 256B.0595

Transfers to minors, custodial property transfers, Minn. Statutes 2009 527.25

Trust deeds, see Deeds of trust under DEEDS

Trust instruments

Bond resolutions defined as, Minn. Statutes 2009 501B.25

Prudent investor rule, language invoking, Minn. Statutes 2009 501B.151

Trusts created before June 1, 1973

Definitions of terms, Minn. Statutes 2009 501B.88

Uniform Custodial Trust Act, Minn. Statutes 2009 529.01 to 529.19

Uniform Principal and Income Act

Administration of trust, Minn. Statutes 2009 501B.60, 501B.71

Bonds, income, Minn. Statutes 2009 501B.65

Businesses, separate accounts, Minn. Statutes 2009 501B.665

Charges against income or principal, Minn. Statutes 2009 501B.61, 501B.71

Citation, Minn. Statutes 2009 501B.76

Definitions, Minn. Statutes 2009 501B.59, 501B.64

Entity distributions, Minn. Statutes 2009 501B.64

Generally, Minn. Statutes 2009 501B.59 to 501B.76

Income, Minn. Statutes 2009 501B.61, 501B.62, 501B.705, 501B.71, 501B.74

Income beneficiaries, Minn. Statutes 2009 501B.59, 501B.62

Income earned during administration of decedents estates, Minn. Statutes 2009 501B.63

Interpretation of law, uniformity, Minn. Statutes 2009 501B.75

Inventory value, defined, Minn. Statutes 2009 501B.59

Natural resources, Minn. Statutes 2009 501B.67, 501B.72

Nontrust estates, Minn. Statutes 2009 501B.72

Principal, Minn. Statutes 2009 501B.61, 501B.705, 501B.71, 501B.74

Property subject to depletion, allocation of receipts, Minn. Statutes 2009 501B.69

Receipt or expense received, Minn. Statutes 2009 501B.73

Remainderperson, defined, Minn. Statutes 2009 501B.59

Short title, Minn. Statutes 2009 501B.76

Sole proprietorships, separate accounts, Minn. Statutes 2009 501B.665

Timber, allocation of receipts, Minn. Statutes 2009 501B.68

Trustee, defined, Minn. Statutes 2009 501B.59

Validity, nonmerger, Minn. Statutes 2009 501B.13

Voting trusts

Business corporations, Minn. Statutes 2009 302A.453, 302A.455, 302A.461

Professional firms, ownership interests, Minn. Statutes 2009 319B.07

Works of art, consignments, Minn. Statutes 2009 324.03, 324.04

Zebley trust, supplemental needs trusts, exception, Minn. Statutes 2009 356.465