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2019 Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 501C — Trusts
Section 501C.0815 — General Powers Of Trustee.
Universal Citation: MN Stat § 501C.0815 (2019)
501C.0815 GENERAL POWERS OF TRUSTEE.
(a) A trustee, without authorization by the court, may exercise:
(1) powers conferred by the terms of the trust; and
(2) except as limited by the terms of the trust:
(i) all powers over the trust property which an unmarried competent owner has over individually owned property;
(ii) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
(iii) any other powers conferred by this chapter.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this chapter.
History: 2015 c 5 art 8 s 12
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