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Minnesota Legislature

Office of the Revisor of Statutes

FIDUCIARIES

Accounting and bookkeeping

Family assets for independence, Minn. Statutes 2017 256E.35

Securities deposited in Federal Reserve banks, Minn. Statutes 2017 520.33

Administrators of estates, see ADMINISTRATORS OF ESTATES

Agents, see AGENTS

Appointment, appropriate evidence of

Defined, Minn. Statutes 2017 336.8-402

Generally, Minn. Statutes 2017 520.24

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

Assignments

Defined, Minn. Statutes 2017 520.21

Generally, Uniform Act for the Simplification of Fiduciary Security Transfers, Minn. Statutes 2017 520.23

Banks

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

Defined, Minn. Statutes 2017 520.01

Fiduciaries' personal accounts, duties, Minn. Statutes 2017 520.09

Bonds (officers and fiduciaries)

Insurance companies, liquidation, filing new bonds, Minn. Statutes 2017 60B.26

Lawsuits on, Minn. Statutes 2017 574.24, 2017 574.25

Surety costs, expense claims, Minn. Statutes 2017 574.19

Breach of fiduciary duty

Business corporations, Minn. Statutes 2017 302A.111, 2017 302A.251

Commitment and Treatment Act, Minn. Statutes 2017 253B.02

Cooperative associations, Minn. Statutes 2017 308A.325, 2017 308B.465

Corporations, Minn. Statutes 2017 300.64

Financial planners, Minn. Statutes 2017 45.026

Limited liability companies, Minn. Statutes 2017 322B.115, 2017 322B.663, 2017 322C.0409

Negotiable instruments, Minn. Statutes 2017 336.3-206, 2017 336.3-307

Nonprofit corporations, Minn. Statutes 2017 317A.257

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

Vulnerable adults, financial exploitation, Minn. Statutes 2017 609.2335

Breach of obligation

Application of law, Minn. Statutes 2017 520.11

Checks drawn, Minn. Statutes 2017 520.07, 2017 520.08, 2017 520.09

Deposits in name of fiduciaries, Minn. Statutes 2017 520.07

Business corporations, see Fiduciaries under BUSINESS CORPORATIONS

Certificates and certification, securities deposited in Federal Reserve banks, Minn. Statutes 2017 520.33

Cooperative associations, Minn. Statutes 2017 308A.201, 2017 308B.561, 2017 308B.611

Custodians for benefit of minors, transfers by, Minn. Statutes 2017 527.26

Declaratory judgment, right to request, Minn. Statutes 2017 555.04

Definitions

Banks and trust companies, Minn. Statutes 2017 48A.12

Commercial Code, Minn. Statutes 2017 336.3-307, 2017 336.8-402

Directed trusts, Minn. Statutes 2017 501C.0808

Disclaimer of estate property interests, Minn. Statutes 2017 524.2-1102

Estate taxes, apportionment, Minn. Statutes 2017 524.3-916

Fraudulent Transfer Act, Minn. Statutes 2017 513.41

Income and franchise taxes, Minn. Statutes 2017 290.01

Probate proceedings, Minn. Statutes 2017 525.95

Public pension fiduciary responsibility, Minn. Statutes 2017 356A.01, 2017 356A.02

Uniform Act for the Simplification of Fiduciary Security Transfers, Minn. Statutes 2017 520.21

Uniform Fiduciaries Act, Minn. Statutes 2017 520.01

Uniform Fiduciary Access to Digital Assets Act, Minn. Statutes 2017 521A.02

Uniform Probate Code, Minn. Statutes 2017 524.1-201

Deposits by

Authorized, Minn. Statutes 2017 520.07

Breach of obligation, Minn. Statutes 2017 520.07, 2017 520.08, 2017 520.09

Central depositories, Minn. Statutes 2017 520.32

Federal Reserve banks, deposits of securities with, Minn. Statutes 2017 520.33

Fiduciaries, deposits in name of, Minn. Statutes 2017 520.07

Personal bank accounts, deposits in fiduciary accounts, Minn. Statutes 2017 520.09

Principals, deposits in name of, Minn. Statutes 2017 520.08

Trustees, deposits in name of, Minn. Statutes 2017 520.10

Digital assets

Applicability, Minn. Statutes 2017 521A.03, 2017 521A.17

Conservators, Minn. Statutes 2017 521A.14

Disclosure, Minn. Statutes 2017 521A.06

Duties, Minn. Statutes 2017 521A.15

Liability, Minn. Statutes 2017 521A.16

Personal representatives, Minn. Statutes 2017 521A.07, 2017 521A.08

Powers of attorney, Minn. Statutes 2017 521A.09, 2017 521A.10

Relationship to electronic signatures, Minn. Statutes 2017 521A.18

Terms of service agreements, Minn. Statutes 2017 521A.05

Trustees, Minn. Statutes 2017 521A.11, 2017 521A.12, 2017 521A.13

User directions, Minn. Statutes 2017 521A.04

Disclaimer of estate property interests

Delivery, Minn. Statutes 2017 524.2-1114

Power to disclaim, Minn. Statutes 2017 524.2-1107, 2017 524.2-1113

Duty on estate or trust, income and franchise taxes, Minn. Statutes 2017 290.01

Estate taxes, Minn. Statutes 2017 524.3-916

Evidence, appointment or incumbency, evidence of, Minn. Statutes 2017 520.24

Executors, see EXECUTORS

Fiduciary services, income and franchise taxes, receipts factor, determination, Minn. Statutes 2017 290.191

Generation-skipping taxes, Minn. Statutes 2017 524.3-916

Good faith

Defined, Minn. Statutes 2017 520.01

Public retirement plans, standard of conduct, Minn. Statutes 2017 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 2017 336.8-402

Generally, Minn. Statutes 2017 520.24

Indemnity, public retirement plans, Minn. Statutes 2017 356A.11

Insurance companies, bonds, Minn. Statutes 2017 60B.26

Investment Advisory Council, fiduciary duties, Minn. Statutes 2017 11A.09

Investment Board, fiduciary duties, Minn. Statutes 2017 11A.09

Investment securities, duties, see Fiduciaries under SECURITIES

Investments permitted

Higher Education Facilities Authority revenue bonds, Minn. Statutes 2017 136A.38

Higher Education Office revenue bonds, Minn. Statutes 2017 136A.178

Municipal gas agency bonds, Minn. Statutes 2017 453A.10

Municipal power agency bonds, Minn. Statutes 2017 453.60

Regional railroad authority bonds, Minn. Statutes 2017 398A.07

Rural Finance Authority bonds, Minn. Statutes 2017 41C.10

Savings association accounts, Minn. Statutes 2017 51A.31

Savings bank accounts, Minn. Statutes 2017 50.17

State university revenue bonds, Minn. Statutes 2017 136F.91

Leases, lawsuits against third parties, Minn. Statutes 2017 336.2A-531

Liability

Defined, Minn. Statutes 2017 356A.01

Digital assets, Minn. Statutes 2017 521A.16

Gambling taxes, Minn. Statutes 2017 297E.02

Income taxes, Minn. Statutes 2017 270C.58

Security transfers, Minn. Statutes 2017 520.02, 2017 520.26, 2017 520.27

Tax liability, see same under this topic

Unemployment insurance taxes, Minn. Statutes 2017 268.063

Life insurance, insurable interest in life of insured required, Minn. Statutes 2017 60A.0783

Limited liability companies, Minn. Statutes 2017 322B.20, 2017 322B.36, 2017 322C.0110, 2017 322C.0409

Minnesota State Retirement System treasurer, duties, Minn. Statutes 2017 352.05

Mortgage registry taxes, collection and remittance, Minn. Statutes 2017 287.08

National banks, Minn. Statutes 2017 48A.11, 2017 48A.15

Negotiable instruments, Minn. Statutes 2017 336.3-206, 2017 336.3-307

Nonprofit corporations, see Fiduciaries under NONPROFIT CORPORATIONS

Payments to, Minn. Statutes 2017 520.02

Personal representatives, see PERSONAL REPRESENTATIVES

Power of appointment, disclaimer of estate property interests, Minn. Statutes 2017 524.2-1107, 2017 524.2-1113

Power of attorney, general authority, Minn. Statutes 2017 523.24

Principals

Bank accounts, breach of fiduciary obligations, liability of bank, Minn. Statutes 2017 520.07, 2017 520.08, 2017 520.09

Defined, Minn. Statutes 2017 520.01

Property held by, see ABANDONED AND UNCLAIMED PROPERTY

Proxies, see PROXIES (PERSONS)

Public pension fiduciary responsibility, Minn. Statutes 2017 356A.01 to 2017 356A.13

Public retirement plans, see Fiduciaries under specific plans

Receivers, see RECEIVERS AND RECEIVERSHIP

Reinsurance intermediary-brokers, Minn. Statutes 2017 60A.705 to 2017 60A.725

Residential mortgage originators and servicers, Minn. Statutes 2017 58.04, 2017 58.05, 2017 58.16

Safe deposit companies, ascertaining relationships, Minn. Statutes 2017 55.11

Savings associations

Accounts, Minn. Statutes 2017 51A.28, 2017 51A.31

Acting as fiduciary, Minn. Statutes 2017 51A.21

Directors, Minn. Statutes 2017 51A.15

Officers, Minn. Statutes 2017 51A.15

Savings banks

Accounts, rights, Minn. Statutes 2017 50.17

Acting as, mergers and consolidations, Minn. Statutes 2017 49.38

Securities, see Fiduciaries under SECURITIES

Security transfers, Minn. Statutes 2017 520.28, 2017 520.32, 2017 520.33

Statutory rule against perpetuities, powers, Minn. Statutes 2017 501A.04

Tax liability

Cigarette and tobacco products taxes, Minn. Statutes 2017 297F.05

Income and franchise taxes, Minn. Statutes 2017 290.04, 2017 290.30

Liquor taxes, Minn. Statutes 2017 297G.06

Motor fuel taxes, Minn. Statutes 2017 296A.14

Tax preparation services, exemptions, Minn. Statutes 2017 270C.445

Tax returns, income taxes, trusts, filing duties, Minn. Statutes 2017 289A.08, 2017 289A.12

Transfers to minors, custodial property transfers, Minn. Statutes 2017 527.26

Transfers

Defined, Minn. Statutes 2017 520.21

Securities, see Fiduciaries under SECURITIES

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

Trustees, see TRUSTEES

Trusts, representatives serving as, Minn. Statutes 2017 501C.0303

Uniform Act for the Simplification of Fiduciary Security Transfers, Minn. Statutes 2017 520.21 to 2017 520.31

Uniform Fiduciaries Act, generally, Minn. Statutes 2017 520.01 to 2017 520.13

Uniform Fiduciary Access to Digital Assets Act, Minn. Statutes 2017 521A.01 to 2017 521A.19

War service, Minn. Statutes 2017 525.95