(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.

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Terms Used In Minnesota Statutes 501C.0809

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
  • Personal property: All property that is not real property.
  • Trustee: A person or institution holding and administering property in trust.

(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.