2018 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
501C.0708 COMPENSATION OF TRUSTEE.
(a) If the terms of a trust do not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances.
(b) If the terms of a trust specify the trustee's compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if:
(1) the duties of the trustee are substantially different from those contemplated when the trust was created; or
(2) the compensation specified by the terms of the trust would be unreasonably low or high.
History:
Official Publication of the State of Minnesota
Revisor of Statutes