Minnesota Statutes
Minn. Stat. § 501B.81 (2026)
[Repealed]
✓ current as of May 2026
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MS 2014 [Repealed, 2015 c 5 art 16 s 2]
Notes of Decisions
Cited in 13
cases, 1990–2015 · leading case: In Re Conservatorship of Riebel, 625 N.W.2d 480 (Minn. 2001).
In Re Conservatorship of Riebel, 625 N.W.2d 480 (Minn. 2001). “She also argues that she is authorized by Minn.Stat. § 501B.81, subd. 25 as a trustee of Riebel’s estate and an irrevocable “special needs trust” to prosecute or defend actions, claims, or proceedings for the protection of the trust and other assets.”
In Re the Trusteeship of the Trust of Williams, 631 N.W.2d 398 (Minn. Ct. App. 2001). “” Minn.Stat. § 501B.81, subd. 1. As the court noted in Hormel, while this provision indicates that Minnesota was not "hostile, as a matter of public policy, to the concept of undiversified trusts,” it does not answer the question of "whether, in the absence of express language,…”
In Re the Trusteeship of Williams, 591 N.W.2d 743 (Minn. Ct. App. 1999). “See Minn.Stat. § 501B.81, subd. 1 (1998); In re the Trusts Created by Hormel, 504 N.”
In Re Est. of King, 668 N.W.2d 6 (Minn. Ct. App. 2003). “” Minn.Stat. § 501B.81, subd. 26 (2002). “[Ijmpartiality [toward beneficiaries] governs exercise of trustees’ powers * * *.”
In Re MacK, 269 B.R. 392 (Bankr. D. Minn. 2001). “The CRUT provided that the Trustee would have all powers designated in the instrument itself as well as the powers set forth in Minnesota Statute section 501B.81. The Trustee retained the power to invest and reinvest trust assets, subject to compliance with section 664 of the…”
Morrison v. Doyle, 570 N.W.2d 692 (Minn. Ct. App. 1998). “The powers of a trustee are enumerated in Minn. Stat. § 501B.81 (1996) and include the power to sell, convey, purchase, or exchange trust assets, to borrow or mortgage trust assets, and to resolve claims against the trust.”
Norwest Bank Minnesota, N.A. v. Ode, 615 N.W.2d 91 (Minn. Ct. App. 2000). “The trustee is authorized to mortgage trust assets, Minn. Stat. § 501B.81, subd. 19 (1998), and the trust document specifically allowed the trustee to enter into mortgages as well.”
State v. Franklin, 692 N.W.2d 82 (Minn. Ct. App. 2005). “” Minn.Stat. § 501B.81, subd. 25(4) (2002).”
In re the Trust Created by Boss, 487 N.W.2d 256 (Minn. Ct. App. 1992). “Under Minn.Stat. § 501B.81, subd. 28 (1990), a trustee is authorized to defend actions, claims, or proceedings for the protection of trust assets and of the trustee in the performance of duties.”
Uselman v. Uselman, 464 N.W.2d 130 (Minn. 1990). “Minnesota Statute Section 501B.81, subd. 7 (1989) authorizes a trustee to "sell * * * an asset, at public or private sale, for cash or on credit, with or without security as the trustee deems advisable.”
Lindquist v. Mack (In re Mack), 269 B.R. 392 (Bankr. D. Minn. 2001). “The CRUT provided that the Trustee would have all powers designated in the instrument itself as well as the powers set forth in Minnesota Statute section 501B.81. The Trustee retained the power to invest and reinvest trust assets, subject to compliance with section 664 of the…”
Matter of Boss, 487 N.W.2d 256 (Minn. Ct. App. 1992). “Under Minn.Stat. § 501B.81, subd. 28 (1990), a trustee is authorized to defend actions, claims, or proceedings for the protection of trust assets and of the trustee in the performance of duties.”
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