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Minnesota Legislature

Office of the Revisor of Statutes

FIDUCIARIES

Accounting and bookkeeping

Family assets for independence, Minn. Statutes 2014 256E.35

Securities deposited in Federal Reserve banks, Minn. Statutes 2014 520.33

Administrators of estates, see ADMINISTRATORS OF ESTATES

Agents, see AGENTS

Appointment, appropriate evidence of

Defined, Minn. Statutes 2014 336.8-402

Generally, Minn. Statutes 2014 520.24

Assignment for benefit of creditors, see ASSIGNMENT FOR BENEFIT OF CREDITORS

Assignments

Defined, Minn. Statutes 2014 520.21

Generally, Uniform Act for the Simplification of Fiduciary Security Transfers, Minn. Statutes 2014 520.23

Banks

Acting as fiduciaries, see Fiduciaries, banks acting as under BANKS

Defined, Minn. Statutes 2014 520.01

Fiduciaries' personal accounts, duties, Minn. Statutes 2014 520.09

Bonds (officers and fiduciaries)

Insurance companies, liquidation, filing new bonds, Minn. Statutes 2014 60B.26

Lawsuits on, Minn. Statutes 2014 574.24, 2014 574.25

Surety costs, expense claims, Minn. Statutes 2014 574.19

Breach of fiduciary duty

Business corporations, Minn. Statutes 2014 302A.111, 2014 302A.251

Commitment and Treatment Act, Minn. Statutes 2014 253B.02

Cooperative associations, Minn. Statutes 2014 308A.325, 2014 308B.465

Corporations, Minn. Statutes 2014 300.64

Financial planners, Minn. Statutes 2014 45.026

Limited liability companies, Minn. Statutes 2014 322B.115, 2014 322B.663, 2014 322C.0409

Negotiable instruments, Minn. Statutes 2014 336.3-206, 2014 336.3-307

Nonprofit corporations, Minn. Statutes 2014 317A.257

Public retirement plans, see Breach of fiduciary duty under specific plans

Vulnerable adults, financial exploitation, Minn. Statutes 2014 609.2335

Breach of obligation

Checks drawn, Minn. Statutes 2014 520.07, 2014 520.08, 2014 520.09

Deposits in name of fiduciaries, Minn. Statutes 2014 520.07

Business corporations, see Fiduciaries under BUSINESS CORPORATIONS

Certificates and certification, securities deposited in Federal Reserve banks, Minn. Statutes 2014 520.33

Cooperative associations, Minn. Statutes 2014 308A.201, 2014 308B.561, 2014 308B.611

Custodians for benefit of minors, transfers by, Minn. Statutes 2014 527.26

Declaratory judgment, right to request, Minn. Statutes 2014 555.04

Definitions

Banks and trust companies, Minn. Statutes 2014 48A.12

Commercial Code, Minn. Statutes 2014 336.3-307, 2014 336.8-402

Disclaimer of estate property interests, Minn. Statutes 2014 524.2-1102

Estate taxes, apportionment, Minn. Statutes 2014 524.3-916

Fraudulent Transfer Act, Minn. Statutes 2014 513.41

Income and franchise taxes, Minn. Statutes 2014 290.01

Probate proceedings, Minn. Statutes 2014 525.95

Public pension fiduciary responsibility, Minn. Statutes 2014 356A.01, 2014 356A.02

Uniform Act for the Simplification of Fiduciary Security Transfers, Minn. Statutes 2014 520.21

Uniform Fiduciaries Act, Minn. Statutes 2014 520.01

Uniform Probate Code, Minn. Statutes 2014 524.1-201

Deposits by

Authorized, Minn. Statutes 2014 520.07

Breach of obligation, Minn. Statutes 2014 520.07, 2014 520.08, 2014 520.09

Central depositories, Minn. Statutes 2014 520.32

Federal Reserve banks, deposits of securities with, Minn. Statutes 2014 520.33

Fiduciaries, deposits in name of, Minn. Statutes 2014 520.07

Personal bank accounts, deposits in fiduciary accounts, Minn. Statutes 2014 520.09

Principals, deposits in name of, Minn. Statutes 2014 520.08

Trustees, deposits in name of, Minn. Statutes 2014 520.10

Disclaimer of estate property interests

Delivery, Minn. Statutes 2014 524.2-1114

Power to disclaim, Minn. Statutes 2014 524.2-1107, 2014 524.2-1113

Duty on estate or trust, income and franchise taxes, Minn. Statutes 2014 290.01

Estate taxes, Minn. Statutes 2014 524.3-916

Evidence, appointment or incumbency, evidence of, Minn. Statutes 2014 520.24

Executors, see EXECUTORS

Fiduciary services, income and franchise taxes, receipts factor, determination, Minn. Statutes 2014 290.191

Generation-skipping taxes, Minn. Statutes 2014 524.3-916

Good faith

Defined, Minn. Statutes 2014 520.01

Public retirement plans, standard of conduct, Minn. Statutes 2014 356A.04

Guardians ad litem, see GUARDIANS AD LITEM

Guardians and conservators, see GUARDIANS AND CONSERVATORS

Guardians of minors, see GUARDIANS OF MINORS

Income and franchise taxes, see Fiduciary income taxes under INCOME AND FRANCHISE TAXES

Incumbency, appropriate evidence of

Defined, Minn. Statutes 2014 336.8-402

Generally, Minn. Statutes 2014 520.24

Indemnity, public retirement plans, Minn. Statutes 2014 356A.11

Insurance companies, bonds, Minn. Statutes 2014 60B.26

Investment Advisory Council, fiduciary duties, Minn. Statutes 2014 11A.09

Investment Board, fiduciary duties, Minn. Statutes 2014 11A.09

Investment securities, duties, see Fiduciaries under SECURITIES

Investments permitted

Higher Education Facilities Authority revenue bonds, Minn. Statutes 2014 136A.38

Higher Education Office revenue bonds, Minn. Statutes 2014 136A.178

Municipal gas agency bonds, Minn. Statutes 2014 453A.10

Municipal power agency bonds, Minn. Statutes 2014 453.60

Regional railroad authority bonds, Minn. Statutes 2014 398A.07

Rural Finance Authority bonds, Minn. Statutes 2014 41C.10

Savings association accounts, Minn. Statutes 2014 51A.31

Savings bank accounts, Minn. Statutes 2014 50.17

State university revenue bonds, Minn. Statutes 2014 136F.91

Leases, lawsuits against third parties, Minn. Statutes 2014 336.2A-531

Liability

Defined, Minn. Statutes 2014 356A.01

Gambling taxes, Minn. Statutes 2014 297E.02

Income taxes, Minn. Statutes 2014 270C.58

Security transfers, Minn. Statutes 2014 520.02, 2014 520.26, 2014 520.27

Tax liability, see same under this topic

Unemployment insurance taxes, Minn. Statutes 2014 268.063

Life insurance, insurable interest in life of insured required, Minn. Statutes 2014 60A.0783

Limited liability companies, Minn. Statutes 2014 322B.20, 2014 322B.36, 2014 322C.0110, 2014 322C.0409

Minnesota State Retirement System treasurer, duties, Minn. Statutes 2014 352.05

Mortgage registry taxes, collection and remittance, Minn. Statutes 2014 287.08

National banks, Minn. Statutes 2014 48A.11, 2014 48A.15

Negotiable instruments, Minn. Statutes 2014 336.3-206, 2014 336.3-307

Nonprofit corporations, see Fiduciaries under NONPROFIT CORPORATIONS

Payments to, Minn. Statutes 2014 520.02

Personal representatives, see PERSONAL REPRESENTATIVES

Power of appointment, disclaimer of estate property interests, Minn. Statutes 2014 524.2-1107, 2014 524.2-1113

Power of attorney, general authority, Minn. Statutes 2014 523.24

Principals

Bank accounts, breach of fiduciary obligations, liability of bank, Minn. Statutes 2014 520.07, 2014 520.08, 2014 520.09

Defined, Minn. Statutes 2014 520.01

Property held by, see ABANDONED AND UNCLAIMED PROPERTY

Proxies, see PROXIES (PERSONS)

Public pension fiduciary responsibility, Minn. Statutes 2014 356A.01 to 2014 356A.13

Public retirement plans, see Fiduciaries under specific plans

Receivers, see RECEIVERS AND RECEIVERSHIP

Reinsurance intermediary-brokers, Minn. Statutes 2014 60A.705 to 2014 60A.725

Residential mortgage originators and servicers, Minn. Statutes 2014 58.04, 2014 58.05, 2014 58.16

Safe deposit companies, ascertaining relationships, Minn. Statutes 2014 55.11

Savings associations

Accounts, Minn. Statutes 2014 51A.28, 2014 51A.31

Acting as fiduciary, Minn. Statutes 2014 51A.21

Directors, Minn. Statutes 2014 51A.15

Officers, Minn. Statutes 2014 51A.15

Savings banks

Accounts, rights, Minn. Statutes 2014 50.17

Acting as, mergers and consolidations, Minn. Statutes 2014 49.38

Securities, see Fiduciaries under SECURITIES

Security transfers, Minn. Statutes 2014 520.28, 2014 520.32, 2014 520.33

Statutory rule against perpetuities, powers, Minn. Statutes 2014 501A.04

Tax liability

Cigarette and tobacco products taxes, Minn. Statutes 2014 297F.05

Income and franchise taxes, Minn. Statutes 2014 290.04, 2014 290.30

Liquor taxes, Minn. Statutes 2014 297G.06

Motor fuel taxes, Minn. Statutes 2014 296A.14

Tax preparation services, exemptions, Minn. Statutes 2014 270C.445

Tax returns, income taxes, trusts, filing duties, Minn. Statutes 2014 289A.08, 2014 289A.12

Transfers to minors, custodial property transfers, Minn. Statutes 2014 527.26

Transfers

Defined, Minn. Statutes 2014 520.21

Securities, see Fiduciaries under SECURITIES

Trust companies, acting as fiduciaries, see Fiduciaries, trust companies acting as under TRUST COMPANIES

Trustees, see TRUSTEES

Uniform Act for the Simplification of Fiduciary Security Transfers, Minn. Statutes 2014 520.21 to 2014 520.31

Uniform Fiduciaries Act, generally, Minn. Statutes 2014 520.01 to 2014 520.13

War service, Minn. Statutes 2014 525.95