501B.23 INVENTORY; ANNUAL ACCOUNT; CONTINUING COURT SUPERVISION.
A trustee whose appointment has been confirmed by court order under section
trustee otherwise subject to continuing court supervision by court order shall file with the court
administrator of the district court an inventory containing a list of all property then belonging to
the trust. The trustee shall then render to the court at least annually a verified account containing a
complete inventory of the trust assets and itemized principal and income accounts. This section
does not apply to trusts established in connection with bonds issued under chapter 474.
History: 1989 c 340 art 1 s 20