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Minnesota Legislature

Office of the Revisor of Statutes

501B.23 INVENTORY; ANNUAL ACCOUNT; CONTINUING COURT SUPERVISION.
A trustee whose appointment has been confirmed by court order under section 501B.22 or a
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