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2013 Minnesota Statutes

Chapter 501B. Trusts

Chapter Sections
Section Headnote

GENERAL PROVISIONS
501B.01Purposes for Which Express Trusts May Be Created
501B.012Memorial Fund
501B.02Passive Trusts Abolished
501B.03Termination of Trust Purposes
501B.04Reversion in Grantor
501B.05Bona Fide Purchasers Protected
501B.06Misapplication of Payment to Trustee
501B.07Purchase Money Resulting Trusts
501B.08Appointment of and Acquisition of Title by Successor Trustees and Confirmation of Acts Performed during Vacancies in Trusteeship
501B.09Suspension of the Power of Alienation
501B.10Repealed, 1996 c 314 s 8
501B.11Repealed, 1996 c 314 s 8
501B.12Grantor and Agents of Grantor
501B.13Nonmerger of Trusts
501B.14Prohibition Against Exercise of Powers by Trustee
501B.15Division and Merger of Trusts
501B.151Investment and Management of Trust Assets
501B.152Agents of Trustee
501B.154Nonjudicial Settlement Agreements
501B.155Representation; Pleadings; When Parties Are Bound by Others; Notice

COURT PROCEEDINGS
501B.16Petition for Court Order
501B.17Venue
501B.18Order for Hearing
501B.19Representation of Persons Who Are Unborn, Unascertained, Unknown, or Minors or Incapacitated Persons
501B.20Holder of a General Power
501B.21Order and Appeal
501B.22Confirmation of Appointment of Trustee
501B.23Inventory; Annual Account; Continuing Court Supervision
501B.24Jurisdiction
501B.25Application

CHARITABLE TRUSTS AND THEIR SUPERVISION
501B.31Charitable Trusts
501B.32Private Foundations; Charitable Trusts; Split-Interest Trusts

SUPERVISION OF CHARITABLE
TRUSTS AND TRUSTEES ACT
501B.33Citation
501B.34Charitable Trusts; Supervision by Attorney General
501B.35Definitions
501B.36Registration and Reporting
501B.37Register of Trusts and Trustees
501B.38Information Filing
501B.39Public Inspection of Records
501B.40Investigatory Powers of the Attorney General; Custodians to Furnish Copies of Records
501B.41Breach of Trust; Proceedings to Secure Compliance
501B.42Contrary Provisions of Instrument Invalid
501B.43Cost of Investigations and Proceedings; Registration and Filing Fees
501B.44Immunity of Charitable Trusts
501B.45Sale of Banks Owned by Charitable Trusts

SALES AND LEASES OF REAL PROPERTY
501B.46Petition for Court Order to Sell, Mortgage, or Lease Real Property Held in Trust
501B.47Petition by Owner of Present or Future Interest for Court Order to Sell, Mortgage, or Lease Interests in Real Property
501B.48When Petition May Be Granted
501B.49Notice of Hearing
501B.50Representation of Persons Who Are Unborn, Unascertained, Unknown, or Minors or Incapacitated Persons
501B.51Order Upon Petition; Execution of Transaction
501B.52Report of Agreement for Confirmation
501B.53Order of Confirmation; Contents and Subsequent Procedures; Distribution of Assets
501B.54Legal Effect of Deed, Mortgage, or Lease Made under Section 501B.53
501B.55Date of Creation of Interests Affected by the Procedures in Sections 501B.46 to 501B.54
501B.56Certificate of Trust
501B.561Certificate of Custodianship
501B.57Affidavit of Trustee in Real Property Transactions
501B.571Affidavit of Custodian in Real Property Transactions

UNIFORM PRINCIPAL AND INCOME ACT
501B.59Definitions
501B.60Duty of Trustee As to Receipts and Expenditure
501B.61Income; Principal; Charges
501B.62When Right to Income Arises; Apportionment of Income
501B.63Income Earned during Administration of a Decedent's Estate
501B.64Entity Distributions
501B.65Bond Premium and Discount
501B.66Repealed, 2001 c 15 s 14
501B.665Sole Proprietorships
501B.67Disposition of Natural Resources
501B.68Timber
501B.69Annuities, Qualified and Nonqualified Employee Compensation, Retirement Plans and Other Property Subject to Depletion
501B.70Repealed, 2001 c 15 s 14
501B.705Trustee's Power to Adjust
501B.71Charges Against Income and Principal
501B.72Nontrust Estates
501B.73Application
501B.74Ascertainment of Income or Principal
501B.75Uniformity of Interpretation
501B.76Short Title

MINNESOTA TRUSTEES' POWERS ACT
501B.79Trustee Defined
501B.80Incorporation by Reference
501B.81Enumerated Powers of Trustee
501B.82Citation

MISCELLANEOUS
501B.86Repealed, 2009 c 67 s 17
501B.87Trusts Forming Part of Retirement Plans for Participating Members
501B.88Trusts Not Affected
501B.89Trust Provisions Linked to Public Assistance Eligibility; Supplemental Needs Trusts
501B.895Public Health Care Programs and Certain Trusts
501B.90Effect of Dissolution of Marriage

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