Minnesota Statutes 501C.1208 – Settlor and Agents of Settlor
Current as of: 2023 | Check for updates
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If a trust instrument reserves to the settlor, in a nonfiduciary capacity, the control over any or all investment decisions, the trustee is not responsible for the investment decisions made by the settlor or an agent of the settlor.
Terms Used In Minnesota Statutes 501C.1208
- Trustee: A person or institution holding and administering property in trust.