Current through Register Vol. 49, No. 8, August 19, 2024
Section 501C.0809 - CONTROL, PROTECTION, AND DELIVERY OF TRUST PROPERTY(a) A trustee shall take reasonable steps to compel a former trustee or other person to deliver the trust's tangible personal property and evidence of ownership of other trust property to the trustee.(b) A trustee shall take reasonable steps to take control of and protect the trust property, except that this duty does not apply to, and the trustee is not responsible for, items of tangible personal property that are property of a trust revocable by the settlor and that are not in the possession or control of the trustee.Added by 2015 Minn. Laws, ch. 5,s 8-7, eff. 1/1/2016.