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2005 Minnesota Statutes - 356A.09 — Fiduciary breach; remedies.



     356A.09 Fiduciary breach; remedies. 


    Subdivision 1.    Occurrence of breach.  A fiduciary 
 breach occurs if a fiduciary violates the general standard of 
 fiduciary conduct as specified in section 356A.04 in carrying 
 out the activities of a fiduciary.  A fiduciary breach also 
 occurs if a fiduciary of a covered pension plan violates the 
 provisions of section 356A.06, subdivision 9. 


    Subd. 2.    Remedies.  Remedies available for a 
 fiduciary breach by a fiduciary are those specified by statute 
 or available at common law. 


    HIST: 1989 c 319 art 7 s 9

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