Minn. Stat. § 501C.0404

Current through Register Vol. 49, No. 8, August 19, 2024
Section 501C.0404 - TRUST PURPOSES

A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries.

Minn. Stat. § 501C.0404

2015 c 5 art 4 s 4

Added by 2015 Minn. Laws, ch. 5,s 4-4, eff. 1/1/2016.