TRUSTS

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

Actions to enforce, statutes of limitations, Minn. Statutes 2004 541.05

Active express trusts

Declaration, lack of, bona fide purchasers, effect, Minn. Statutes 2004 501B.05

Grantors, reversion of legal estates and interests, Minn. Statutes 2004 501B.04

Lawsuits, costs and disbursements, recovery, Minn. Statutes 2004 549.14

Purpose, Minn. Statutes 2004 501B.01, 501B.03

Real property, sale, mortgage or lease, Minn. Statutes 2004 501B.46 to 501B.57

Administration

Affidavits, birth and death records, copies, issuance, Minn. Statutes 2004 144.225

General rules, Minn. Statutes 2004 501B.60

Adults, defined, Minn. Statutes 2004 529.01

Advertising, interest rates, Minn. Statutes 2004 45.025

Agreements

Nonjudicial settlement agreements, Minn. Statutes 2004 501B.154, 501B.155

Ambulance service personnel longevity award and incentive trust

Established, Minn. Statutes 2004 144E.42

Investment Board, duties, Minn. Statutes 2004 144E.40, 144E.44

Legal status, Minn. Statutes 2004 144E.42, 144E.47

Purpose, Minn. Statutes 2004 144E.40

American employers, trusts defined as, Minn. Statutes 2004 268.035

Application of law

Contracts to make, statutory rule against perpetuities, Minn. Statutes 2004 501A.04

Contracts to revoke, statutory rule against perpetuities, Minn. Statutes 2004 501A.04

Court proceedings, Minn. Statutes 2004 501B.25, 501B.55

Division and merger of trusts, Minn. Statutes 2004 501B.15

Inventories and annual accounts, exception, Minn. Statutes 2004 501B.23

Nonmerger of trusts, Minn. Statutes 2004 501B.13

Nontrust estates, Uniform Principal and Income Act, Minn. Statutes 2004 501B.72

Pass-through entities, distributions, Minn. Statutes 2004 501B.64

Power of alienation, suspension, Minn. Statutes 2004 501B.09

Prudent investor rule, Minn. Statutes 2004 501B.151

Split interest trusts, incorporation provisions, Minn. Statutes 2004 501B.32

Trusts created before June 1, 1973, definition of terms, Minn. Statutes 2004 501B.88

Uniform Principal and Income Act, Minn. Statutes 2004 501B.72, 501B.73

Aquaculture farmers, Minn. Statutes 2004 17.498

Assets

Defined as personal property, Minn. Statutes 2004 256J.08

Enumerated powers of trustees, generally, Minn. Statutes 2004 501B.81

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

Real property, sale, mortgage, or lease, generally, Minn. Statutes 2004 501B.46 to 501B.57

Beneficiaries, see Trusts under BENEFICIARIES

Bona fide charities, trusts defined as, Minn. Statutes 2004 32.70

Bonds (public debt), Minn. Statutes 2004 501B.25

Business corporations, personnel benefits, Minn. Statutes 2004 302A.161

Business trusts, see BUSINESS TRUSTS

Certificates of trust, Minn. Statutes 2004 501B.56

Charitable trusts, see CHARITABLE TRUSTS

Commercial telephone solicitation, exemption, Minn. Statutes 2004 325E.26

Common law trusts, see BUSINESS TRUSTS

Conservators, defined, Minn. Statutes 2004 529.01

Constructive trusts, express trusts not declared, bona fide purchasers, effect, Minn. Statutes 2004 501B.05

Contested cases, health services trusts

Birth certificate data, disclosure, Minn. Statutes 2004 144.225

Contracts to make

Statutory rule against perpetuities, Minn. Statutes 2004 501A.04

Contracts to revoke

Statutory rule against perpetuities, Minn. Statutes 2004 501A.04

Corporations

Pass-through entities, distributions, Minn. Statutes 2004 501B.64

Trusts issuing securities defined as, Minn. Statutes 2004 520.21

Costs and disbursements (courts), charges against income, Uniform Principal and Income Act, Minn. Statutes 2004 501B.71

County courts, concurrent jurisdiction over, Minn. Statutes 2004 487.19

County nursing homes, management of, Minn. Statutes 2004 376.58

Court proceedings

Annual accounting, exception, Minn. Statutes 2004 501B.23

Appeals, Minn. Statutes 2004 501B.21

Confirmation of appointment of trustee, Minn. Statutes 2004 501B.22

Exceptions, Minn. Statutes 2004 501B.25

Generally, Minn. Statutes 2004 501B.16 to 501B.25

Hearings, Minn. Statutes 2004 501B.18 to 501B.20

Holders of general powers, representation of beneficiaries, Minn. Statutes 2004 501B.20

Jurisdiction, district court, Minn. Statutes 2004 501B.24

Notice, Minn. Statutes 2004 501B.18

Orders, Minn. Statutes 2004 501B.16, 501B.18, 501B.21

Sale, mortgage or lease of real property, Minn. Statutes 2004 501B.47 to 501B.55

Venue, Minn. Statutes 2004 501B.17

Voting trusts, application of law, Minn. Statutes 2004 501B.25

Court, defined, Minn. Statutes 2004 529.01

Creation by instrument, powers of trustee

Trustees' Powers Act, incorporation by reference, Minn. Statutes 2004 501B.80

Credit, Minn. Statutes 2004 334.022

Custodial property

Acceptance by custodial trustees, Minn. Statutes 2004 529.04

Defined, Minn. Statutes 2004 529.01

Distribution upon termination of custodial trust, Minn. Statutes 2004 529.16

Generally, Minn. Statutes 2004 529.02

Liability, third persons, Minn. Statutes 2004 529.10, 529.11

Survivorship, Minn. Statutes 2004 529.05

Transfers to minors, see Custodial property under TRANSFERS TO MINORS

Use of, Minn. Statutes 2004 529.08

Custodial trusts

Beneficiaries, Minn. Statutes 2004 529.01, 529.05, 529.09

Creating, methods and forms, Minn. Statutes 2004 529.17

Declaration of trust, Minn. Statutes 2004 529.17

Definitions, Minn. Statutes 2004 529.01

Exceptions, Minn. Statutes 2004 529.02

Forms, Minn. Statutes 2004 529.04, 529.17

Jurisdiction, Minn. Statutes 2004 529.04

Liability, third persons, Minn. Statutes 2004 529.10, 529.11

Memorial fund trust, Minn. Statutes 2004 501B.012

Standby custodians, conflicting documents, prevailing document, Minn. Statutes 2004 257B.08

Survivorship, Minn. Statutes 2004 529.05

Termination, Minn. Statutes 2004 529.02

Third persons, liability, Minn. Statutes 2004 529.10, 529.11

Titles, recording, Minn. Statutes 2004 529.06

Transfers, Minn. Statutes 2004 529.17

Uniform Custodial Trust Act, Minn. Statutes 2004 529.01 to 529.19

Data

Health services trusts, birth certificate data, disclosure, Minn. Statutes 2004 144.225

Tax returns, see same under this topic

Declarations of trust

Assignments, declarations of trust defined as, Minn. Statutes 2004 520.21

Declaratory judgment, right to request, Minn. Statutes 2004 555.04

Deeds of trust, see under DEEDS

Definitions

Business corporations, Minn. Statutes 2004 302A.011

Dairy trade practices, Minn. Statutes 2004 32.70

Entity distributions, Uniform Principal and Income Act, Minn. Statutes 2004 501B.64

Health care cost containment, Minn. Statutes 2004 62J.03

Income and franchise taxes, Minn. Statutes 2004 290.01

Insurance law, Minn. Statutes 2004 60A.02

Investments of Insurers Act, Minn. Statutes 2004 60L.01

Limited liability companies, Minn. Statutes 2004 322B.03

Nonprofit corporations, Minn. Statutes 2004 317A.011

Unemployment Insurance Law, Minn. Statutes 2004 268.035

Uniform Custodial Trust Act, Minn. Statutes 2004 529.01

Withholding (taxes), Minn. Statutes 2004 290.92

Designated settlement fund

Definitions, income and franchise taxes, Minn. Statutes 2004 290.01

Disclosure

Health services trusts, birth certificate data, Minn. Statutes 2004 144.225

Tax returns of trust, Minn. Statutes 2004 270B.03

Distributions

Income, MFIP participants or applicants, Minn. Statutes 2004 256J.21

Pass-through entities, Minn. Statutes 2004 501B.64

Division of trusts, trustees, powers, Minn. Statutes 2004 501B.15

Drafting, nonattorneys, Minn. Statutes 2004 481.02

Duluth Teachers Retirement Fund Association

Establishment as, Minn. Statutes 2004 354A.021

Duty on estate or trust

Income and franchise taxes, interpretation of law, Minn. Statutes 2004 290.01

Earnings, depositing, Minn. Statutes 2004 16A.72

Employers, trusts defined as

Unemployment Insurance Law, Minn. Statutes 2004 268.035

Withholding (taxes), Minn. Statutes 2004 290.92

Enforcement of law

Uniform Custodial Trust Act, Minn. Statutes 2004 529.02

Expenses, payment by trustee

Enumerated powers of trustees, Minn. Statutes 2004 501B.81

Express trusts, see Active express trusts under this topic

Family farm trusts, Minn. Statutes 2004 500.24

Federal taxable income, Minn. Statutes 2004 290.01

Fees, orders for payment

District court, petitions to, Minn. Statutes 2004 501B.16

Fiduciaries

Trust income tax returns, filing, duties, Minn. Statutes 2004 289A.08, 289A.12

Financial asset securitization investment trusts (FASITS), Minn. Statutes 2004 290.015, 290.9743, 290.9744

Foreign trust associations

Defined, Minn. Statutes 2004 303.02

Generally, Minn. Statutes 2004 303.25

Government sponsored enterprises, defined, Minn. Statutes 2004 60L.01

Grantor type trusts, defined, Minn. Statutes 2004 290.01

Grantors

Defined, Minn. Statutes 2004 273.124

Income, jurisdiction to tax, Minn. Statutes 2004 290.014

Gross income, allocation to state, Minn. Statutes 2004 290.17

Guardians ad litem, Minn. Statutes 2004 501B.01 to 501B.13

Guardians and conservators, Minn. Statutes 2004 501B.01 to 501B.13

Guardians of minors, Minn. Statutes 2004 501B.01 to 501B.13

Guardians, defined, Minn. Statutes 2004 529.01

Health care facilities

First class cities, Minn. Statutes 2004 447.14, 447.15, 447.16

Health care services trusts

Claims, use of unique patient identification numbers, Minn. Statutes 2004 62J.54

Contested cases, birth certificate data, disclosure, Minn. Statutes 2004 144.225

Data collection, see under HEALTH CARE

Group purchasers

Generally, see Group purchasers under HEALTH CARE

Health care services trusts defined as, Minn. Statutes 2004 529.01

Holder of beneficiaries' power of attorney

Defined, Minn. Statutes 2004 529.01

Incapacitated, defined, Minn. Statutes 2004 529.01

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

Income interest, Minn. Statutes 2004 501B.63

Industrial loan and thrift companies, accepting, Minn. Statutes 2004 53.05

Insurance companies, Minn. Statutes 2004 60A.10

Insurance trusts, Minn. Statutes 2004 13.714, 471.982

Inter vivos trusts, affidavits

Trustees, real property transactions, Minn. Statutes 2004 501B.57

Interest rates, advertising, Minn. Statutes 2004 45.025

Interpretation of law

Duty on estate or trust, income and franchise taxes, Minn. Statutes 2004 290.01

Foreign trust associations, solicitation of business, Minn. Statutes 2004 303.25

Uniform Principal and Income Act, Minn. Statutes 2004 501B.75

Investment powers

Reservation in grantor, effect on trustee, Minn. Statutes 2004 501B.12

Investments in, Investment Board, Minn. Statutes 2004 11A.24

Joint self-insurance employee health plan arrangements

Requirements, generally, Minn. Statutes 2004 62H.05

Joint self-insurance plans, Minn. Statutes 2004 60F.05

Lawsuits

Foreign trust associations, Minn. Statutes 2004 303.25

Health services trusts, birth certificate data, disclosure violations, Minn. Statutes 2004 144.225

Taxes, collection, Minn. Statutes 2004 270.68

Legal representatives, defined, Minn. Statutes 2004 529.01

Liability

Defined, Minn. Statutes 2004 60A.02

Taxes, payment or return violations, Minn. Statutes 2004 270.101

Limited liability companies

Personnel benefits, Minn. Statutes 2004 322B.20

Limited partnerships

Dissociation of partners, events causing, Minn. Statutes 2004 321.0601, 321.0603

Trusts that are general partners, termination, Minn. Statutes 2004 322A.32, 322A.59

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

Massachusetts trusts, see BUSINESS TRUSTS

Medical assistance recipients, Minn. Statutes 2004 256B.056, 256B.0595, 256B.093

Members of the beneficiary's family, defined, Minn. Statutes 2004 529.01

Memorial fund trusts, Minn. Statutes 2004 501B.012

Merger of trusts, trustees, powers, Minn. Statutes 2004 501B.15

Minneapolis Teachers Retirement Fund Association

Establishment as, Minn. Statutes 2004 354A.021

Mortgage foreclosures

Assignment of mortgages, trustees, duties, Minn. Statutes 2004 582.11, 582.12

Multiple employer trusts, defined, Minn. Statutes 2004 60A.02

Multiple trusts, trustees, enumerated powers, Minn. Statutes 2004 501B.81

Mutual insurance companies

Conversion to stock companies, Minn. Statutes 2004 60A.075

Nonjudicial settlement agreements

Proceedings, Minn. Statutes 2004 501B.155

Validity, generally, Minn. Statutes 2004 501B.154

Nonprofit corporations, Minn. Statutes 2004 317A.161

Nontrust estates

Uniform Principal and Income Act, Minn. Statutes 2004 501B.72

Notice given

Health services trusts, birth certificate data, Minn. Statutes 2004 144.225

Income and franchise taxes, extensions, or changes to tax status or return information, Minn. Statutes 2004 290.05

Organizations, trusts defined as

Business corporations, Minn. Statutes 2004 302A.011

Limited liability companies, Minn. Statutes 2004 322B.03

Nonprofit corporations, Minn. Statutes 2004 317A.011

Participation in, nonprofit corporations, Minn. Statutes 2004 317A.161

Partners (partnerships), distribution of entire transferable interest, events causing expulsion of partners, Minn. Statutes 2004 323A.0601

Pass-through entities, distributions, Minn. Statutes 2004 501B.64

Passive express trusts, Minn. Statutes 2004 501B.02

Payments from

Medical assistance, treatment, Minn. Statutes 2004 256B.056, 256B.093

Personal representatives, defined, Minn. Statutes 2004 529.01

Power of alienation, Minn. Statutes 2004 501B.09

Power of attorney

Holder of beneficiaries' power of attorney, defined, Minn. Statutes 2004 529.01

Powers of appointment, Minn. Statutes 2004 502.79

Principal place of business, defined as residence, Minn. Statutes 2004 61B.20

Property

Basis, federal and state income taxes, Minn. Statutes 2004 290.01

Options to buy or sell, defined as principal, Minn. Statutes 2004 501B.61

Prudent investor rule, Minn. Statutes 2004 501B.151

Public funds, investment trusts, Minn. Statutes 2004 118A.05

Public libraries

First class cities, Minn. Statutes 2004 447.14, 447.15, 447.16

Real estate investment trusts, see REAL ESTATE INVESTMENT TRUSTS

Real property

Agricultural homestead, determination, Minn. Statutes 2004 273.124

Homestead, determination, Minn. Statutes 2004 273.124

Sale, mortgage or lease, Minn. Statutes 2004 501B.46 to 501B.55

Register of trusts and trustees

Attorney general, duties, Minn. Statutes 2004 501B.37

Registered land, see Trusts under LAND REGISTRATION

Reinsurance, Minn. Statutes 2004 60A.097

Resident trusts, Minn. Statutes 2004 290.01

Resulting trusts, Minn. Statutes 2004 501B.05, 501B.07

Retirement plans

Beneficiaries, powers, limitations, Minn. Statutes 2004 501B.87

Revocable trusts, Minn. Statutes 2004 501B.90

Safe deposit companies

Ascertaining trust relationships, Minn. Statutes 2004 55.11

Saint Paul Teachers Retirement Fund Association, establishment as, Minn. Statutes 2004 354A.021

Service of process on

Withholding (taxes), noncompliance notice, Minn. Statutes 2004 290.92

Split interest trusts, incorporation provisions, Minn. Statutes 2004 501B.32

Spouses, remarriage of divorced spouses

Revival of trust provisions, effect, Minn. Statutes 2004 501B.90

State, defined, Minn. Statutes 2004 529.01

Statute of frauds, Minn. Statutes 2004 513.03

Substantial owners, income, jurisdiction to tax, Minn. Statutes 2004 290.014

Successor trustees, Minn. Statutes 2004 501B.08

Supplemental needs trusts, see SUPPLEMENTAL NEEDS TRUSTS

Tax returns

Disclosure, Minn. Statutes 2004 270B.03

Income taxes, Minn. Statutes 2004 289A.08, 289A.12, 289A.18, 290.014

Violations, personal liability, Minn. Statutes 2004 270.101

Who may inspect, Minn. Statutes 2004 270B.03

Tax-exempt trusts, Minn. Statutes 2004 270B.02

Taxable income, defined, Minn. Statutes 2004 290.01

Taxes

Payment violations, personal liability, Minn. Statutes 2004 270.101

Testamentary additions to, Minn. Statutes 2004 524.2-511

Testamentary trusts, see TESTAMENTARY TRUSTS

Third persons

Exemption from liability, custodial trusts, Minn. Statutes 2004 529.10

Transfer to trust company

Substitution of affiliates, conditions, Minn. Statutes 2004 48A.10

Transferors

Defined, Minn. Statutes 2004 529.01

Medical assistance recipients asset transfers, exceptions, Minn. Statutes 2004 256B.0595

Transfers to minors

Custodial property transfers, Minn. Statutes 2004 527.25

Trust deeds, see Deeds of trust under DEEDS

Trust instruments

Prudent investor rule, language invoking, Minn. Statutes 2004 501B.151

Resolutions defined as, Minn. Statutes 2004 501B.25

Trusts created before June 1, 1973

Definitions of terms, Minn. Statutes 2004 501B.88

Uniform Custodial Trust Act, Minn. Statutes 2004 529.01 to 529.19

Uniform Principal and Income Act

Administration of trust, Minn. Statutes 2004 501B.60, 501B.71

Application of law, Minn. Statutes 2004 501B.73

Bonds, income, Minn. Statutes 2004 501B.65

Businesses, separate accounts, Minn. Statutes 2004 501B.665

Charges against income or principal, Minn. Statutes 2004 501B.61, 501B.71

Citation, Minn. Statutes 2004 501B.76

Definitions, Minn. Statutes 2004 501B.59, 501B.64

Entity distributions, Minn. Statutes 2004 501B.64

Generally, Minn. Statutes 2004 501B.59 to 501B.76

Income, Minn. Statutes 2004 501B.61, 501B.62, 501B.71, 501B.74

Income beneficiaries, Minn. Statutes 2004 501B.59, 501B.62

Income earned during administration of decedents estates, Minn. Statutes 2004 501B.63

Interpretation of law, Minn. Statutes 2004 501B.75

Inventory value, defined, Minn. Statutes 2004 501B.59

Natural resources, Minn. Statutes 2004 501B.67, 501B.72

Nontrust estates, Minn. Statutes 2004 501B.72

Principal, Minn. Statutes 2004 501B.61, 501B.71, 501B.74

Property subject to depletion, allocation of receipts, Minn. Statutes 2004 501B.69

Remainderperson, defined, Minn. Statutes 2004 501B.59

Short title, Minn. Statutes 2004 501B.76

Sole proprietorships, separate accounts, Minn. Statutes 2004 501B.665

Timber, allocation of receipts, Minn. Statutes 2004 501B.68

Trustee, defined, Minn. Statutes 2004 501B.59

Uniform Probate Code, defined, Minn. Statutes 2004 524.1-201

Validity, nonmerger, application of law, Minn. Statutes 2004 501B.13

Violations and penalties

Taxes, payment or return violations, Minn. Statutes 2004 270.101

Voting trusts

Business corporations, Minn. Statutes 2004 302A.453, 302A.455, 302A.461

Professional firms, ownership interests, Minn. Statutes 2004 319B.07

Works of art, consignments, Minn. Statutes 2004 324.03, 324.04

Zebley trust

Supplemental needs trusts, exception, Minn. Statutes 2004 356.465