1997 Minnesota Statutes

     48.78 Agent or attorney in fact, acting as.  

    Any trust company may take and hold in trust any real or 
 personal property, wherever situated, by order, judgment, or 
 decree of any court of record, or by gift, grant, assignment, 
 transfer, devise, legacy, or bequest from, or by lawful contract 
 with, any public or private corporation or individual, and 
 manage the same upon the terms, conditions, limitations, and 
 restrictions therein declared or imposed.  The trust company may 
 also act as agent for the signature, countersignature, 
 registration, transfer, or redemption of certificates of stock, 
 bonds, coupons, or other evidences of indebtedness of any such 
 corporation or individual, or otherwise act as general or 
 special agent or attorney in fact in the acquisition, 
 management, sale, assignment, transfer, incumbrance, conveyance, 
 or other disposition of any real or personal property, the 
 collection of rents, payment of taxes, and generally as the 
 representative of any such corporation or individual.  

    HIST: (7731) RL s 3036