Current through Register Vol. 49, No. 8, August 19, 2024
Section 501C.1009 - BENEFICIARY'S CONSENT, RELEASE, OR RATIFICATIONA beneficiary's consent to a trustee's conduct, release of the trustee from liability for the trustee's conduct, or ratification of the trustee's conduct is binding unless:
(1) the consent, release, or ratification of the beneficiary was induced by improper conduct of the trustee; or(2) at the time of the consent, release, or ratification, the beneficiary did not know of the beneficiary's rights or of the material facts relating to the trustee's conduct and the trustee did know of the material facts relating to the trustee's conduct.Added by 2015 Minn. Laws, ch. 5,s 10-9, eff. 1/1/2016.