Minnesota Office of the Revisor of Statutes
[*Add Subtitle/link: Office]

Menu

Revisor of Statutes Menu

Pdf

2009 Minnesota Statutes

This is a historical version of this statute section. Also view the most recent published version.

356A.09 FIDUCIARY BREACH; REMEDIES.

Subdivision 1.Occurrence of breach.

A fiduciary breach occurs if a fiduciary violates the general standard of fiduciary conduct as specified in section 356A.04 in carrying out the activities of a fiduciary. A fiduciary breach also occurs if a fiduciary of a covered pension plan violates the provisions of section 356A.06, subdivision 9.

Subd. 2.Remedies.

Remedies available for a fiduciary breach by a fiduciary are those specified by statute or available at common law.

700 State Office Building, 100 Rev. Dr. Martin Luther King Jr. Blvd., St. Paul, MN 55155 ♦ Phone: (651) 296-2868 ♦ TTY: 1-800-627-3529 ♦ Fax: (651) 296-0569