Minnesota Statutes 501C.0202 – Subject Matter of Judicial Proceedings
A judicial proceeding involving a trust may relate to one or more of the following matters:
Terms Used In Minnesota Statutes 501C.0202
- Fiduciary: A trustee, executor, or administrator.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Trustee: A person or institution holding and administering property in trust.
(1) to confirm an action taken by a trustee;
(2) upon the filing of an account, to settle and allow the account;
(3) to determine the persons having an interest in the income or principal of the trust and the nature and extent of their interests;
(4) to construe, interpret, or reform the terms of a trust, or authorize a deviation from the terms of a trust, including a proceeding involving section 501B.31;
(5) to approve payment of the trustee’s, attorney, or accountant fees, or any other fees to be charged against the trust;
(6) to confirm the appointment of a trustee;
(7) to accept a trustee’s resignation and discharge the trustee from the trust as provided in section 501C.0705;
(8) to require a trustee to account;
(9) to remove a trustee as provided in section 501C.0706;
(10) to appoint a successor trustee when required by the terms of the trust instrument or when by reason of death, resignation, removal, or other cause there is no acting trustee;
(11) to appoint an additional trustee or special fiduciary whether or not a vacancy in trusteeship exists as provided in section 501C.0704;
(12) to confirm an act taken by a person with respect to a trust while there was no acting trustee or otherwise in compliance with section 501C.0701;
(13) to subject a trust to or remove a trust from continuing court supervision under section 501C.0205;
(14) to mortgage, lease, sell, or otherwise dispose of real property held by the trustee notwithstanding any contrary provision of the trust instrument;
(15) to suspend the powers and duties of a trustee in military service or war service, in accordance with section 525.95, and to order further action authorized in that section;
(16) to secure compliance with the provisions of sections 501B.33 to 501B.45, in accordance with section 501B.41, relating to charitable trusts;
(17) to determine the validity of a disclaimer under sections 524.2-1101 to 524.2-1116;
(18) to transfer the trust’s principal place of administration as provided in section 501C.0108;
(19) to redress a breach of trust;
(20) to terminate a trust;
(21) to divide a trust or to merge two or more trusts as provided in section 501C.0417;
(22) to approve a nonjudicial settlement as provided in section 501C.0111;
(23) to approve, modify, or object to a proposed trust decanting as provided in section 502.851; or
(24) to instruct the trustee regarding any matter involving the trust’s administration or the discharge of the trustee’s duties, including a request for instructions and an action to declare rights.