Current through Register Vol. 49, No. 8, August 19, 2024
Section 501C.1001 - REMEDIES FOR BREACH OF TRUST(a) A violation by a trustee of a duty the trustee owes to a beneficiary is a breach of trust.(b) To remedy a breach of trust that has occurred or may occur, the court may: (1) compel the trustee to perform the trustee's duties;(2) enjoin the trustee from committing a breach of trust;(3) compel the trustee to redress a breach of trust by paying money, restoring property, or other means;(4) order a trustee to account;(5) appoint a special fiduciary to take possession of the trust property and administer the trust;(7) remove the trustee as provided in section 501C.0706;(8) reduce or deny compensation to the trustee;(9) subject to section 501C.1012, void an act of the trustee, impose a lien or a constructive trust on trust property, or trace trust property wrongfully disposed of and recover the property or its proceeds; or(10) order any other appropriate relief.Added by 2015 Minn. Laws, ch. 5,s 10-1, eff. 1/1/2016.