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2006 Minnesota Statutes Index (topics)

TRUSTEES

See also TRUSTS

Accounting and bookkeeping, Minn. Statutes 2006 501B.23

Acknowledgments in a representative capacity, Minn. Statutes 2006 358.41, 2006 358.50

Additional trustees, Minn. Statutes 2006 501B.14

Advances

Repayment, enumerated powers of trustees, Minn. Statutes 2006 501B.81

Advisors to, employment by trustee

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

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

Agricultural land

Acquisition of title, acquisition of title, Minn. Statutes 2006 500.221

Annuities, allocation of principal and income, Minn. Statutes 2006 501B.69

Appointment

Confirmation, Minn. Statutes 2006 501B.22

Decedents, death by wrongful act, Minn. Statutes 2006 573.02

Dissolution of marriage, Minn. Statutes 2006 518A.63

Generally, Minn. Statutes 2006 49.215

Partnerships, events causing expulsion of partners, Minn. Statutes 2006 323A.0601

Assets of trust, see Trust assets, powers of trustees under this topic

Assignment of mortgages

Foreclosure, duties, generally, Minn. Statutes 2006 582.11, 2006 582.12

Authenticating trustees, investment securities

Registration of transfer, duties, Minn. Statutes 2006 336.8-407

Unauthorized signatures, Minn. Statutes 2006 336.8-205

Warranties, Minn. Statutes 2006 336.8-208

Bankruptcy, see Trustees under BANKRUPTCY

Banks acting as, see Trustees, banks acting as under BANKS

Beneficiaries

Nonmerger of trusts, Minn. Statutes 2006 501B.13

Trustees as, discretionary distributions, Minn. Statutes 2006 501B.14

Bonds (officers and fiduciaries)

Insurance companies, liquidation, filing new bonds, Minn. Statutes 2006 60B.26

Lawsuits on, Minn. Statutes 2006 574.11, 2006 574.25

Running to state, Minn. Statutes 2006 574.11

Surety costs, expense claims, Minn. Statutes 2006 574.19

Buildings, enumerated powers of trustees, Minn. Statutes 2006 501B.81

Business corporations

Defined as legal representatives, Minn. Statutes 2006 302A.011

Shares controlled by, voting rights, Minn. Statutes 2006 302A.447, 2006 302A.453

Businesses, operation, separate accounts

Allocation of principal and income, Minn. Statutes 2006 501B.665

Cemetery associations, see Trustees under CEMETERY ASSOCIATIONS

Charitable organizations, Minn. Statutes 2006 309.52, 2006 309.53, 2006 309.55

Charitable trusts, see CHARITABLE TRUSTS

Child support, appointment to receive payment, Minn. Statutes 2006 518A.63

Claims, compromise and settlement

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

Common interest communities

Associations as, Minn. Statutes 2006 515B.3-119

Compensation and salaries

Payment, Minn. Statutes 2006 181.16

Uniform Principal and Income Act, Minn. Statutes 2006 501B.71

Condominiums

Unit owners association as, Minn. Statutes 2006 515.25, 2006 515A.3-117

Confirmation, see Court proceedings under TRUSTS

Continuing care facilities, rehabilitation, Minn. Statutes 2006 80D.11

Contracts and agreements

Entering into, powers of trustees, Minn. Statutes 2006 501B.81

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

Sale, mortgage or lease of real property, confirmation, Minn. Statutes 2006 501B.52, 2006 501B.53, 2006 501B.54

Conveyance of real property

Encumbrances, Minn. Statutes 2006 507.20, 2006 507.21

Registered land, see Trustees under LAND REGISTRATION

Copyrights, allocation of principal and income, Minn. Statutes 2006 501B.69

Corporate trustees

Replacement, successor corporate trustee, Minn. Statutes 2006 501B.08

Corporations

Generally, see Trustees under CORPORATIONS

Legal work, Minn. Statutes 2006 481.02

County law libraries, see Board of trustees under COUNTY LAW LIBRARIES

Creditors of trustees

Express trust not declared, effect, Minn. Statutes 2006 501B.05

Custodial trustees

Acceptance, Minn. Statutes 2006 529.04

Accounting by, Minn. Statutes 2006 529.14

Defined, Minn. Statutes 2006 529.01

Designation, Minn. Statutes 2006 529.03

Duties and powers, generally, Minn. Statutes 2006 529.06, 2006 529.07

Generally, Minn. Statutes 2006 529.12, 2006 529.13

Lawsuits against, limitations, Minn. Statutes 2006 529.15

Liability, Minn. Statutes 2006 529.11, 2006 529.14

Limitations of action against, Minn. Statutes 2006 529.15

Obligations, Minn. Statutes 2006 529.04

Reports given, Minn. Statutes 2006 529.14

Decedents estates

Liability, estate taxes, payment, Minn. Statutes 2006 291.12

Property, power to sell, Minn. Statutes 2006 291.16

Sale of decedent's property to satisfy judgments, Minn. Statutes 2006 550.04

Tax returns of decedent, inspection, rights, Minn. Statutes 2006 270B.03

Deeds to, Minn. Statutes 2006 507.35

Deferred compensation

Allocation of principal and income, Minn. Statutes 2006 501B.69

Definitions

Business corporations, Minn. Statutes 2006 302A.011

Commercial Code, Minn. Statutes 2006 336.3-307

Custodial trusts, Minn. Statutes 2006 529.01

Employment law, Minn. Statutes 2006 181.60

Estate taxes, apportionment, Minn. Statutes 2006 524.3-916

Human Rights Act, Minn. Statutes 2006 363A.03

Income and franchise taxes, Minn. Statutes 2006 290.01

Industrial development districts, Minn. Statutes 2006 469.153

Investments permitted, Minn. Statutes 2006 501B.59, 2006 501B.79

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

Nonprofit corporations, Minn. Statutes 2006 317A.011

Trustees' Powers Act, Minn. Statutes 2006 501B.79

Trusts, Minn. Statutes 2006 501B.35

Unemployment Insurance Law, Minn. Statutes 2006 268.035

Uniform Act for the Simplification of Fiduciary Security transfers, Minn. Statutes 2006 520.21

Uniform Fiduciaries Act, Minn. Statutes 2006 520.01

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

Uniform Probate Code, Minn. Statutes 2006 524.1-201

Workers' compensation self-insurance, Minn. Statutes 2006 79A.01

Delegation of duties

Agents, selection, reasonable care, Minn. Statutes 2006 501B.152

Determinations by, distributions, allocation of income, interest, and principal, Minn. Statutes 2006 501B.63, 2006 501B.64

Discretionary powers of distribution

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

Dissolution of marriage

Appointment to receive payments, Minn. Statutes 2006 518A.63

Distribution of interest

Discretionary distributions, Minn. Statutes 2006 501B.14

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

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

Employers, trustees defined as

Employment law, Minn. Statutes 2006 181.60

Unemployment Insurance Law, Minn. Statutes 2006 268.035

Enforcement of terms of trusts

Actions of agents, Minn. Statutes 2006 501B.152

Enumerated powers, trust assets, Minn. Statutes 2006 501B.81

Estates

Administration, Minn. Statutes 2006 501B.60

Tax returns, inspection by trustee, Minn. Statutes 2006 270B.03

Excess business holdings, Minn. Statutes 2006 501B.32

Exemptions, real estate licensure, Minn. Statutes 2006 82.23

Fiduciaries

Trustees defined as

Commercial Code, Minn. Statutes 2006 336.3-307

Income and franchise taxes, Minn. Statutes 2006 290.01

Foreign corporations

Foreign corporations acting as, business transactions, Minn. Statutes 2006 303.03

Withdrawal applications, Minn. Statutes 2006 303.16

Foreign trust associations, acting as, Minn. Statutes 2006 303.25

Grain buyers, orders, Minn. Statutes 2006 223.17

Housing Finance Agency

Appointment, powers and duties, Minn. Statutes 2006 462A.16, 2006 462A.17

Income taxes, assessment and collection

Time limitations, Minn. Statutes 2006 270C.58, 2006 289A.38

Individual retirement accounts

Allocation of principal and income, Minn. Statutes 2006 501B.69

Banks, acting as trustees, Minn. Statutes 2006 48.15

Financial institutions, acting as trustees, Minn. Statutes 2006 47.75

Industrial development districts

Bondholders, rights and remedies, Minn. Statutes 2006 469.163

Limitations on powers, duties, and liabilities, Minn. Statutes 2006 469.161

Industrial loan and thrift companies

Acting as trustees, Minn. Statutes 2006 53.05

Instruments, execution

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

Insurable interest, Minn. Statutes 2006 61A.074

Investment Board, management duties, Minn. Statutes 2006 11A.04

Investments by

Diversification, Minn. Statutes 2006 501B.151

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

Higher Education Facilities Authority revenue bonds, Minn. Statutes 2006 136A.38

Higher Education Office revenue bonds, Minn. Statutes 2006 136A.178

Investment companies, Minn. Statutes 2006 501B.151

Municipal gas agency bonds, Minn. Statutes 2006 453A.10

Municipal power agency bonds, Minn. Statutes 2006 453.60

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

Rural Finance Authority bonds, Minn. Statutes 2006 41C.10

Savings association accounts, Minn. Statutes 2006 51A.31

Savings bank accounts, Minn. Statutes 2006 50.17

State university revenue bonds, Minn. Statutes 2006 136F.91

Joint property, casualty, or automobile self-insurance plans

Board of trustees, Minn. Statutes 2006 60F.05

Joint self-insurance employee health plans, Minn. Statutes 2006 62H.05

Judgments, sale of decedent's property to satisfy, Minn. Statutes 2006 550.04

Lawsuits

Costs and disbursements, recovery, Minn. Statutes 2006 549.14

Death by wrongful act, Minn. Statutes 2006 573.02

Higher Education Facilities Authority revenue bonds, compelling performance, Minn. Statutes 2006 136A.37

Higher Education Office revenue bonds, compelling performance, Minn. Statutes 2006 136A.177

Leases

Allocation of principal and income, Minn. Statutes 2006 501B.69

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

Legal actions

Duties, enumerated powers of trustees, Minn. Statutes 2006 501B.81

Legal representatives, trustees defined as

Business corporations, Minn. Statutes 2006 302A.011

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

Nonprofit corporations, Minn. Statutes 2006 317A.011

Liability

Actions of agents, Minn. Statutes 2006 501B.152

Adjustment between principal and income, exemption, Minn. Statutes 2006 501B.705

Hazardous substances releases, exemption, Minn. Statutes 2006 115B.03

Income taxes, trusts, Minn. Statutes 2006 270C.58, 2006 289A.31

Nontestamentary instruments, disclaimers of interest, Minn. Statutes 2006 501B.86

Public corporations, Minn. Statutes 2006 317A.257

Reliance on provisions of trust, effect, Minn. Statutes 2006 501B.151

Third persons, liability to, insurance, Minn. Statutes 2006 501B.81

Life insurance companies, Minn. Statutes 2006 66A.43

Limited liability companies

Death, incompetency or bankruptcy of individual members, Minn. Statutes 2006 322B.323

Dissolution, termination, receivership, or bankruptcy of corporate members, Minn. Statutes 2006 322B.323

Legal representatives, trustees defined as, Minn. Statutes 2006 322B.03

Membership interests controlled by, voting rights, Minn. Statutes 2006 322B.36

Records, inspection rights, Minn. Statutes 2006 322B.373

Limited partnerships, appointment, dissociation of partners, events causing, Minn. Statutes 2006 321.0603

Medical malpractice insurance, Joint Underwriting Association, Stabilization reserve fund, corporate trustee, Minn. Statutes 2006 62F.09

Medical savings accounts

Financial institutions, acting as trustees, Minn. Statutes 2006 47.75, 2006 48.15

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

Minnesota State Academies Board

Acting as trustees for academies' properties, Minn. Statutes 2006 125A.62

Mortgages, assignments, foreclosure

Powers and duties, generally, Minn. Statutes 2006 582.11, 2006 582.12

Multiparty accounts, see MULTIPARTY ACCOUNTS

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

Natural resources

Exploration and removal, enumerated powers of trustees, Minn. Statutes 2006 501B.81

Lawsuits to recover damages, authorizing, Minn. Statutes 2006 115B.17

Nonprofit corporations, see Trustees under NONPROFIT CORPORATIONS

Notice given

Adjustment between principal and income, Minn. Statutes 2006 501B.705

Oaths

Oaths of office, Minn. Statutes 2006 358.06

Power to administer, Minn. Statutes 2006 358.10

Trustees of decedents, Minn. Statutes 2006 573.02

Partnerships, enforcement

Partners' contributions, winding up, Minn. Statutes 2006 323A.0807

Party walls, enumerated powers of trustees, Minn. Statutes 2006 501B.81

Payments to

Misapplication, Minn. Statutes 2006 501B.06

Negotiable instruments, identification of payee, Minn. Statutes 2006 336.3-110

Personal property owned, possessed, or controlled by

Tax listing statements, verification, Minn. Statutes 2006 273.25

Portfolio management, Minn. Statutes 2006 501B.151

Powers reserved by grantor, effect, Minn. Statutes 2006 501B.12

Private foundations, duties, Minn. Statutes 2006 501B.32

Proxies, see PROXIES (PERSONS)

Prudent Investor Act, Minn. Statutes 2006 501B.151

Public corporations, liability of trustees, Minn. Statutes 2006 317A.257

Public grain warehouse operators, default, Minn. Statutes 2006 232.22

Public retirement plans, see Board of trustees under specific plans

Real estate licensure, exemption, Minn. Statutes 2006 82.23

Register of trusts and trustees

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

Reinsurers, Minn. Statutes 2006 60A.092

Religious corporations, see Trustees under RELIGIOUS CORPORATIONS

Religious organizations and societies

Appointment, dissolution proceedings, Minn. Statutes 2006 315.38

Removal for cause, Minn. Statutes 2006 501B.16

Reports given, agricultural land

Restrictions on acquisition of title, Minn. Statutes 2006 500.221

Representatives, trustees defined as, Minn. Statutes 2006 336.1-201

Reserves

Creation, enumerated powers of trustees, Minn. Statutes 2006 501B.81

Residential mortgage originator and servicer licenses, exemptions, Minn. Statutes 2006 58.04, 2006 58.05

Retirement plans

Allocation of principal and income, Minn. Statutes 2006 501B.69

Review by, actions of agents, Minn. Statutes 2006 501B.152

Rural Finance Authority, bondholders, Minn. Statutes 2006 41C.09

Savings associations, see Trustees under SAVINGS ASSOCIATIONS

Savings banks

Accounts, rights, Minn. Statutes 2006 50.17

Acting as trustees, Minn. Statutes 2006 49.38, 2006 50.085

School boards

Independent school districts, authority, Minn. Statutes 2006 123B.02

Securities issued by

Life insurance companies, investments, Minn. Statutes 2006 61A.28

Self-dealing, Minn. Statutes 2006 501B.32

Signatures, income tax returns, Minn. Statutes 2006 289A.08

Sole proprietorships, operation, separate accounts

Allocation of principal and income, Minn. Statutes 2006 501B.665

Split interest trusts, duties, Minn. Statutes 2006 501B.32

Spousal maintenance

Appointment to receive payment, Minn. Statutes 2006 518A.63

Subdivision of land

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

Successor trustees, title to trust assets, vesting, Minn. Statutes 2006 501B.08

Supervision of Charitable Trusts and Trustees Act, Minn. Statutes 2006 501B.33 to 2006 501B.45

Tax returns

Income taxes, trusts, filing, duties, Minn. Statutes 2006 289A.08

Inspection, rights, Minn. Statutes 2006 270B.03

Tax-exempt corporations, liability, Minn. Statutes 2006 317A.257

Taxable expenditures, Minn. Statutes 2006 501B.32

Testamentary trusts, Minn. Statutes 2006 524.1-201

Traffic accident reports, access to data, Minn. Statutes 2006 169.09

Trust assets, powers of trustees

Division and merger of trusts, Minn. Statutes 2006 501B.15

Generally, Minn. Statutes 2006 501B.151, 2006 501B.81

Options, Minn. Statutes 2006 501B.61, 2006 501B.81

Trust companies, acting as trustees

Cemetery associations, see Trustees under CEMETERY ASSOCIATIONS

Companies with 10,000 dollars minimum amount, Minn. Statutes 2006 48A.03

Fiduciary duties and powers, Minn. Statutes 2006 48A.07

Mergers or consolidations, effect, Minn. Statutes 2006 49.38

National banking associations, conversions, Minn. Statutes 2006 49.44

Trust expenses

Payment, enumerated powers of trustees, Minn. Statutes 2006 501B.81

Trustees' Powers Act, generally, Minn. Statutes 2006 501B.79 to 2006 501B.82

Trusts, terms of, deviation from, court powers, Minn. Statutes 2006 501B.151

Uniform Principal and Income Act

Adjustment between principal and income, powers, Minn. Statutes 2006 501B.705

Discretion, Minn. Statutes 2006 501B.60

Entity distributions, reliance on statements, Minn. Statutes 2006 501B.64

Expenses, charges, Minn. Statutes 2006 501B.61

Income received by trustee, administration of estates, Minn. Statutes 2006 501B.63

Vacancies in trusteeship

Acts performed during, confirmation, Minn. Statutes 2006 501B.08

Viatical settlement proceeds, duties, Minn. Statutes 2006 60A.970

Workers' compensation, see Payments by employers or insurers under WORKERS COMPENSATION

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