Minnesota Statutes § 501C.0703 - COTRUSTEES — United States — Minnesota law | Esheria

Minnesota Statutes § 501C.0703 - COTRUSTEES

Cotrustees may act by majority when unanimity fails, and remaining cotrustees may act if a cotrusteeship vacancy occurs. Trustees must participate in trustee duties and exercise reasonable care to prevent or correct serious breaches of trust, with limited exceptions and liability rules.

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Jurisdiction
United States — Minnesota
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Updated
Official source
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fiduciary duties trust administration

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