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Minnesota Legislature

Office of the Revisor of Statutes

TRUSTS

See also BENEFICIARIES; CY PRES; FIDUCIARIES; TRUST ACCOUNTS; TRUST COMPANIES; TRUST FUNDS; TRUSTEES

Actions to enforce, statutes of limitations, Minn. Statutes 2006 541.05

Active express trusts

Declaration, lack of, bona fide purchasers, effect, Minn. Statutes 2006 501B.05

Grantors, reversion of legal estates and interests, Minn. Statutes 2006 501B.04

Lawsuits, costs and disbursements, recovery, Minn. Statutes 2006 549.14

Purpose, Minn. Statutes 2006 501B.01, 2006 501B.03

Real property, sale, mortgage or lease, Minn. Statutes 2006 501B.46 to 2006 501B.57

Administration

Affidavits, birth and death records, copies, issuance, Minn. Statutes 2006 144.225

General rules, Minn. Statutes 2006 501B.60

Advertising, interest rates, Minn. Statutes 2006 45.025

Alternative care recipients, Minn. Statutes 2006 501B.895

Ambulance service personnel longevity award and incentive trust

Established, Minn. Statutes 2006 144E.42

Investment Board, duties, Minn. Statutes 2006 144E.40, 2006 144E.44

Legal status, Minn. Statutes 2006 144E.42, 2006 144E.47

Purpose, Minn. Statutes 2006 144E.40

American employers, trusts defined as, Minn. Statutes 2006 268.035

Aquaculture farmers, Minn. Statutes 2006 17.498

Assets

Defined as personal property, Minn. Statutes 2006 256J.08

Enumerated powers of trustees, generally, Minn. Statutes 2006 501B.81

Portfolio management strategies, see Trust assets, powers of trustees under TRUSTEES

Real property, sale, mortgage, or lease, generally, Minn. Statutes 2006 501B.46 to 2006 501B.57

Beneficiaries, see Trusts under BENEFICIARIES

Bona fide charities, trusts defined as, Minn. Statutes 2006 32.70

Bonds (public debt), Minn. Statutes 2006 501B.25

Business corporations, personnel benefits, Minn. Statutes 2006 302A.161

Business trusts, see BUSINESS TRUSTS

Certificates of trust, Minn. Statutes 2006 501B.56

Charitable trusts, see CHARITABLE TRUSTS

Commercial telephone solicitation, exemption, Minn. Statutes 2006 325E.26

Common law trusts, see BUSINESS TRUSTS

Constructive trusts, express trusts not declared, bona fide purchasers, effect, Minn. Statutes 2006 501B.05

Contested cases, health services trusts

Birth certificate data, disclosure, Minn. Statutes 2006 144.225

Contracts and agreements

Nonjudicial settlement agreements, Minn. Statutes 2006 501B.154, 2006 501B.155

Contracts to make

Statutory rule against perpetuities, Minn. Statutes 2006 501A.04

Contracts to revoke

Statutory rule against perpetuities, Minn. Statutes 2006 501A.04

Corporations

Pass-through entities, distributions, Minn. Statutes 2006 501B.64

Trusts issuing securities defined as, Minn. Statutes 2006 520.21

County nursing homes, management of, Minn. Statutes 2006 376.58

Court proceedings

Annual accounting, exception, Minn. Statutes 2006 501B.23

Appeals, Minn. Statutes 2006 501B.21

Confirmation of appointment of trustee, Minn. Statutes 2006 501B.22

Exceptions, Minn. Statutes 2006 501B.25

Generally, Minn. Statutes 2006 501B.16 to 2006 501B.25

Hearings, Minn. Statutes 2006 501B.18 to 2006 501B.20

Holders of general powers, representation of beneficiaries, Minn. Statutes 2006 501B.20

Jurisdiction, district court, Minn. Statutes 2006 501B.24

Notice, Minn. Statutes 2006 501B.18

Orders, Minn. Statutes 2006 501B.16, 2006 501B.18, 2006 501B.21

Sale, mortgage or lease of real property, Minn. Statutes 2006 501B.47 to 2006 501B.55

Venue, Minn. Statutes 2006 501B.17

Voting trusts, Minn. Statutes 2006 501B.25

Court, defined, Minn. Statutes 2006 529.01

Creation by instrument, Trustees' Powers Act

Incorporation by reference, Minn. Statutes 2006 501B.80

Credit, Minn. Statutes 2006 334.022

Custodial property

Acceptance by custodial trustees, Minn. Statutes 2006 529.04

Distribution upon termination of custodial trust, Minn. Statutes 2006 529.16

Generally, Minn. Statutes 2006 529.02

Liability, third persons, Minn. Statutes 2006 529.10, 2006 529.11

Survivorship, Minn. Statutes 2006 529.05

Transfers to minors, see Custodial property under TRANSFERS TO MINORS

Use of, Minn. Statutes 2006 529.08

Custodial trusts

Beneficiaries, Minn. Statutes 2006 529.01, 2006 529.05, 2006 529.09

Definitions, Minn. Statutes 2006 529.01

Exceptions, Minn. Statutes 2006 529.02

Forms, Minn. Statutes 2006 529.04, 2006 529.17

Generally, Minn. Statutes 2006 529.17

Governing law, Minn. Statutes 2006 529.18

Jurisdiction, Minn. Statutes 2006 529.04

Liability, third persons, Minn. Statutes 2006 529.10, 2006 529.11

Memorial fund trust, Minn. Statutes 2006 501B.012

Standby custodians, conflicting documents, prevailing document, Minn. Statutes 2006 257B.08

Survivorship, Minn. Statutes 2006 529.05

Termination, Minn. Statutes 2006 529.02

Third persons, liability, Minn. Statutes 2006 529.10, 2006 529.11

Titles, recording, Minn. Statutes 2006 529.06

Uniform Custodial Trust Act, Minn. Statutes 2006 529.01 to 2006 529.19

Custodians of real property

Affidavits of custodianship, Minn. Statutes 2006 501B.571

Certificates of custodianship, Minn. Statutes 2006 501B.561

Data

Health services trusts, birth certificate data, disclosure, Minn. Statutes 2006 144.225

Tax returns, see same under this topic

Declarations of trust

Assignments, declarations of trust defined as, Minn. Statutes 2006 520.21

Declaratory judgment, right to request, Minn. Statutes 2006 555.04

Deeds of trust, see under DEEDS

Definitions

Business corporations, Minn. Statutes 2006 302A.011

Dairy trade practices, Minn. Statutes 2006 32.70

Foreign corporations, Minn. Statutes 2006 303.02

Health care cost containment, Minn. Statutes 2006 62J.03

Income and franchise taxes, Minn. Statutes 2006 290.01

Insurance law, Minn. Statutes 2006 60A.02

Investments of Insurers Act, Minn. Statutes 2006 60L.01

Limited liability companies, Minn. Statutes 2006 322B.03

Nonprofit corporations, Minn. Statutes 2006 317A.011

Unemployment Insurance Law, Minn. Statutes 2006 268.035

Uniform Custodial Trust Act, Minn. Statutes 2006 529.01

Uniform Principal and Income Act, Minn. Statutes 2006 501B.59, 2006 501B.64

Uniform Probate Code, Minn. Statutes 2006 524.1-201

Designated settlement fund, definitions, Minn. Statutes 2006 290.01

Disclosure

Health services trusts, birth certificate data, Minn. Statutes 2006 144.225

Tax returns of trust, Minn. Statutes 2006 270B.03

Distributions

Income, MFIP participants or applicants, Minn. Statutes 2006 256J.21

Pass-through entities, Minn. Statutes 2006 501B.64

Division of trusts, trustees, powers, Minn. Statutes 2006 501B.15

Drafting, nonattorneys, Minn. Statutes 2006 481.02

Duluth Teachers Retirement Fund Association

Establishment as, Minn. Statutes 2006 354A.021

Duty on estate or trust

Income and franchise taxes, Minn. Statutes 2006 290.01

Earnings, depositing, Minn. Statutes 2006 16A.72

Employers, trusts defined as

Unemployment Insurance Law, Minn. Statutes 2006 268.035

Enforcement of law

Uniform Custodial Trust Act, Minn. Statutes 2006 529.02

Expenses, payment by trustee

Enumerated powers of trustees, Minn. Statutes 2006 501B.81

Express trusts, see Active express trusts under this topic

Family farm trusts, Minn. Statutes 2006 500.24

Federal taxable income, Minn. Statutes 2006 290.01

Fees, orders for payment

District court, petitions to, Minn. Statutes 2006 501B.16

Fiduciaries, trust income tax returns

Filing, duties, Minn. Statutes 2006 289A.08, 2006 289A.12

Financial asset securitization investment trusts (FASITS), Minn. Statutes 2006 290.015, 2006 290.9743, 2006 290.9744

Foreign trust associations, generally, Minn. Statutes 2006 303.25

Government sponsored enterprises, defined, Minn. Statutes 2006 60L.01

Grantors, income, jurisdiction to tax, Minn. Statutes 2006 290.014

Gross income, allocation to state, Minn. Statutes 2006 290.17

Guardians ad litem, Minn. Statutes 2006 501B.01 to 2006 501B.13

Guardians and conservators, Minn. Statutes 2006 501B.01 to 2006 501B.13

Guardians of minors, Minn. Statutes 2006 501B.01 to 2006 501B.13

Health care facilities

First class cities, Minn. Statutes 2006 447.14, 2006 447.15, 2006 447.16

Health care services trusts

Claims, use of unique patient identification numbers, Minn. Statutes 2006 62J.54

Contested cases, birth certificate data, disclosure, Minn. Statutes 2006 144.225

Data collection, see under HEALTH CARE

Group purchasers

Generally, see Group purchasers under HEALTH CARE

Incapacitated, defined, Minn. Statutes 2006 529.01

Income and franchise taxes, see Trusts under INCOME AND FRANCHISE TAXES

Income interest, Minn. Statutes 2006 501B.63

Industrial loan and thrift companies, accepting, Minn. Statutes 2006 53.05

Insurance companies, Minn. Statutes 2006 60A.10

Insurance trusts, Minn. Statutes 2006 13.714, 2006 471.982

Inter vivos trusts

Affidavits, trustees, real property transactions, Minn. Statutes 2006 501B.57

Medical assistance or alternative care, Minn. Statutes 2006 501B.895

Interest rates, advertising, Minn. Statutes 2006 45.025

Inventories and annual accounts, exception, Minn. Statutes 2006 501B.23

Investment powers

Reservation in grantor, effect on trustee, Minn. Statutes 2006 501B.12

Investments in, Investment Board, Minn. Statutes 2006 11A.24

Joint powers investment trusts, Minn. Statutes 2006 118A.05

Joint self-insurance employee health plan arrangements

Requirements, generally, Minn. Statutes 2006 62H.05

Joint self-insurance plans, Minn. Statutes 2006 60F.05

Lawsuits

Foreign trust associations, Minn. Statutes 2006 303.25

Health services trusts, birth certificate data, disclosure violations, Minn. Statutes 2006 144.225

Legal representatives, defined, Minn. Statutes 2006 529.01

Liability

Defined, Minn. Statutes 2006 60A.02

Taxes, payment or return violations, Minn. Statutes 2006 270C.56

Limited liability companies, personnel benefits, Minn. Statutes 2006 322B.20

Limited partnerships, dissociation of partners

Events causing, Minn. Statutes 2006 321.0601, 2006 321.0603

Living trusts, see Inter vivos trusts under this topic

Long-term care insurance, see LONG-TERM CARE INSURANCE

Massachusetts trusts, see BUSINESS TRUSTS

Medical assistance recipients

Generally, Minn. Statutes 2006 256B.056, 2006 256B.0595, 2006 256B.093

Trusts assets or income, Minn. Statutes 2006 501B.895

Members of the beneficiary's family, defined, Minn. Statutes 2006 529.01

Memorial fund trusts, Minn. Statutes 2006 501B.012

Merger of trusts, trustees, powers, Minn. Statutes 2006 501B.15

Mortgage foreclosures, assignment of mortgages

Trustees, duties, Minn. Statutes 2006 582.11, 2006 582.12

Multiple employer trusts

Insurance policies, Minn. Statutes 2006 61A.02, 2006 62A.10, 2006 72A.491

Multiple trusts, trustees, enumerated powers, Minn. Statutes 2006 501B.81

Mutual insurance companies

Conversion to stock companies, Minn. Statutes 2006 66A.41

Nonjudicial settlement agreements

Proceedings, Minn. Statutes 2006 501B.155

Validity, generally, Minn. Statutes 2006 501B.154

Nonprofit corporations, Minn. Statutes 2006 317A.161

Nontrust estates

Uniform Principal and Income Act, Minn. Statutes 2006 501B.72

Notice given

Health services trusts, birth certificate data, Minn. Statutes 2006 144.225

Income and franchise taxes, extensions, or changes to tax status or return information, Minn. Statutes 2006 290.05

Organizations, trusts defined as

Business corporations, Minn. Statutes 2006 302A.011

Limited liability companies, Minn. Statutes 2006 322B.03

Nonprofit corporations, Minn. Statutes 2006 317A.011

Participation in, nonprofit corporations, Minn. Statutes 2006 317A.161

Partners (partnerships), distribution of entire transferable interest, events causing expulsion of partners, Minn. Statutes 2006 323A.0601

Pass-through entities, distributions, Minn. Statutes 2006 501B.64

Passive express trusts, Minn. Statutes 2006 501B.02

Payments from

Medical assistance, treatment, Minn. Statutes 2006 256B.056, 2006 256B.093

Power of alienation, Minn. Statutes 2006 501B.09

Powers of appointment, Minn. Statutes 2006 502.79

Principal place of business, defined as residence, Minn. Statutes 2006 61B.20

Property

Basis, federal and state income taxes, Minn. Statutes 2006 290.01

Options to buy or sell, defined as principal, Minn. Statutes 2006 501B.61

Prudent investor rule, Minn. Statutes 2006 501B.151

Public funds, investment trusts, Minn. Statutes 2006 118A.05

Public libraries

First class cities, Minn. Statutes 2006 447.14, 2006 447.15, 2006 447.16

Real estate investment trusts, see REAL ESTATE INVESTMENT TRUSTS

Real property

Agricultural homestead, determination, Minn. Statutes 2006 273.124

Custodianships, Minn. Statutes 2006 501B.561, 2006 501B.571

Homestead, determination, Minn. Statutes 2006 273.124

Sale, mortgage or lease, Minn. Statutes 2006 501B.46 to 2006 501B.55

Register of trusts and trustees

Attorney general, duties, Minn. Statutes 2006 501B.37

Registered land, see Trusts under LAND REGISTRATION

Reinsurance, Minn. Statutes 2006 60A.097

Resident trusts, Minn. Statutes 2006 290.01

Resulting trusts, Minn. Statutes 2006 501B.05, 2006 501B.07

Retirement plans

Beneficiaries, powers, limitations, Minn. Statutes 2006 501B.87

Revocable trusts, Minn. Statutes 2006 501B.90

Safe deposit companies

Ascertaining trust relationships, Minn. Statutes 2006 55.11

Saint Paul Teachers Retirement Fund Association

Establishment as, Minn. Statutes 2006 354A.021

Service of process on

Withholding (taxes), noncompliance notice, Minn. Statutes 2006 290.92

Split interest trusts, incorporation provisions, Minn. Statutes 2006 501B.32

Spouses, remarriage of divorced spouses

Revival of trust provisions, effect, Minn. Statutes 2006 501B.90

Statute of frauds, Minn. Statutes 2006 513.03

Substantial owners, income, jurisdiction to tax, Minn. Statutes 2006 290.014

Successor trustees, Minn. Statutes 2006 501B.08

Supplemental needs trusts, see SUPPLEMENTAL NEEDS TRUSTS

Tax returns

Disclosure, Minn. Statutes 2006 270B.03

Income taxes, Minn. Statutes 2006 289A.08, 2006 289A.12, 2006 289A.18, 2006 290.014

Violations, personal liability, Minn. Statutes 2006 270C.56

Who may inspect, Minn. Statutes 2006 270B.03

Tax-exempt trusts, Minn. Statutes 2006 270B.02

Taxes, personal liability, Minn. Statutes 2006 270C.56

Testamentary additions to, Minn. Statutes 2006 524.2-511

Testamentary trusts, see TESTAMENTARY TRUSTS

Third persons

Exemption from liability, custodial trusts, Minn. Statutes 2006 529.10

Transfer to trust company

Substitution of affiliates, conditions, Minn. Statutes 2006 48A.10

Transferors, medical assistance recipients asset transfers, exceptions, Minn. Statutes 2006 256B.0595

Transfers to minors

Custodial property transfers, Minn. Statutes 2006 527.25

Trust deeds, see Deeds of trust under DEEDS

Trust instruments

Bond resolutions defined as, Minn. Statutes 2006 501B.25

Prudent investor rule, language invoking, Minn. Statutes 2006 501B.151

Trusts created before June 1, 1973

Definitions of terms, Minn. Statutes 2006 501B.88

Uniform Custodial Trust Act, Minn. Statutes 2006 529.01 to 2006 529.19

Uniform Principal and Income Act

Administration of trust, Minn. Statutes 2006 501B.60, 2006 501B.71

Bonds, income, Minn. Statutes 2006 501B.65

Businesses, separate accounts, Minn. Statutes 2006 501B.665

Charges against income or principal, Minn. Statutes 2006 501B.61, 2006 501B.71

Citation, Minn. Statutes 2006 501B.76

Definitions, Minn. Statutes 2006 501B.59, 2006 501B.64

Entity distributions, Minn. Statutes 2006 501B.64

Generally, Minn. Statutes 2006 501B.59 to 2006 501B.76

Income, Minn. Statutes 2006 501B.61, 2006 501B.62, 2006 501B.705, 2006 501B.71, 2006 501B.74

Income beneficiaries, Minn. Statutes 2006 501B.59, 2006 501B.62

Income earned during administration of decedents estates, Minn. Statutes 2006 501B.63

Interpretation of law, uniformity, Minn. Statutes 2006 501B.75

Inventory value, defined, Minn. Statutes 2006 501B.59

Natural resources, Minn. Statutes 2006 501B.67, 2006 501B.72

Nontrust estates, Minn. Statutes 2006 501B.72

Principal, Minn. Statutes 2006 501B.61, 2006 501B.705, 2006 501B.71, 2006 501B.74

Property subject to depletion, allocation of receipts, Minn. Statutes 2006 501B.69

Receipt or expense received, Minn. Statutes 2006 501B.73

Remainderperson, defined, Minn. Statutes 2006 501B.59

Short title, Minn. Statutes 2006 501B.76

Sole proprietorships, separate accounts, Minn. Statutes 2006 501B.665

Timber, allocation of receipts, Minn. Statutes 2006 501B.68

Trustee, defined, Minn. Statutes 2006 501B.59

Validity, nonmerger, Minn. Statutes 2006 501B.13

Violations and penalties

Taxes, payment or return violations, Minn. Statutes 2006 270C.56

Voting trusts

Business corporations, Minn. Statutes 2006 302A.453, 2006 302A.455, 2006 302A.461

Professional firms, ownership interests, Minn. Statutes 2006 319B.07

Works of art, consignments, Minn. Statutes 2006 324.03, 2006 324.04

Zebley trust

Supplemental needs trusts, exception, Minn. Statutes 2006 356.465