Minnesota Statutes
Minn. Stat. § 501B.151 (2026)
[Repealed]
✓ text as last checked Sept. 2026 (this copy records no edition or section history)
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MS 2014 [Repealed, 2015 c 5 art 16 s 2]
Notes of Decisions
Cited in 6
cases, 1999–2016 · leading case: In re the Trusteeship of Williams, 591 N.W.2d 743 (Minn. Ct. App. 1999).
In re the Trusteeship of Williams, 591 N.W.2d 743 (Minn. Ct. App. 1999). “2(e) (1998) ("A trustee who has special skills or expertise, or is named trustee in reliance upon the trustee's representation that the trustee has special skills or expertise, has a duty to use those special skills or expertise.”
In re the Trusteeship of the Trust of Williams, 631 N.W.2d 398 (Minn. Ct. App. 2001). “It was later repealed, effective January 1, 1997, and replaced by the Minnesota Prudent Investor Act, currently codified as Minn.Stat. § 501B.151 (2000). See 1996 Minn.”
Norwest Bank Minnesota North, N.A. v. Beckler, 663 N.W.2d 571 (Minn. Ct. App. 2003). “A trustee has the duty to “exercise reasonable care, skill, and caution” in investing and managing trust assets “as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust.”
In re Amendment & Restatement of Revocable Living Trust of Alfred J. Berget dated February 15, 2005., No. A13-2295 (Minn. Ct. App. Dec. 8, 2014). “” Minn. Stat. § 501B.151, subd. 2(a) (2012).”
Est. of Bongard v. Comm'r, 124 T.C. 95 (Tax Ct. 2005). “Ann. sec. 501B.151 , effective Jan. 1, 1997 (West 2002 & Supp.”
In re The Frank John Rodriguez Sr. Trust., No. A15-1353 (Minn. Ct. App. Mar. 28, 2016). “§ 501B.151, subd. 2(a) (2014). A “trustee shall exercise reasonable care, skill, and caution.”
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