Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
501B.87 TRUSTS FORMING PART OF RETIREMENT PLANS FOR PARTICIPATING
MEMBERS.
If a trust forms part of a retirement plan created by and for the benefit of self-employed
persons for the purpose of receiving their contributions and investing, accumulating, and
distributing to the persons or their beneficiaries the corpus, profits, and earnings of the trust in
accordance with the plan, the power of a person beneficially interested in the trust to sell, assign,
or transfer that beneficial interest, to anticipate payments under the plan, or to terminate the
trust, may be limited or withheld in accordance with the provisions of the plan, whether or not
the person furnished consideration for the creation of the trust.
History: 1989 c 340 art 1 s 71
MEMBERS.
If a trust forms part of a retirement plan created by and for the benefit of self-employed
persons for the purpose of receiving their contributions and investing, accumulating, and
distributing to the persons or their beneficiaries the corpus, profits, and earnings of the trust in
accordance with the plan, the power of a person beneficially interested in the trust to sell, assign,
or transfer that beneficial interest, to anticipate payments under the plan, or to terminate the
trust, may be limited or withheld in accordance with the provisions of the plan, whether or not
the person furnished consideration for the creation of the trust.
History: 1989 c 340 art 1 s 71
Official Publication of the State of Minnesota
Revisor of Statutes