Minnesota Legislature
Office of the Revisor of Statutes
2018 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
501C.1009 BENEFICIARY'S CONSENT, RELEASE, OR RATIFICATION.
A beneficiary's consent to a trustee's conduct, release of the trustee from liability for the trustee's conduct, or ratification of the trustee's conduct is binding unless:
(1) the consent, release, or ratification of the beneficiary was induced by improper conduct of the trustee; or
(2) at the time of the consent, release, or ratification, the beneficiary did not know of the beneficiary's rights or of the material facts relating to the trustee's conduct and the trustee did know of the material facts relating to the trustee's conduct.
History:
Official Publication of the State of Minnesota
Revisor of Statutes