2025 Minnesota Statutes
501C.0407 EVIDENCE OF ORAL TRUST.
The formal expression of intent to create a trust can be either written or oral subject to the requirements of sections 513.04 with respect to the conveyance of interest in land except up to a one-year lease and 524.2-502 with respect to a testamentary trust. The creation of an oral trust and its terms must be established by clear and convincing evidence.
History:
Official Publication of the State of Minnesota
Revisor of Statutes