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Trustee
STATUTES:
Minnesota Statues 501B
Minnesota Statutes 501B governs the establishment of Trusts and the appointment of Trustees. A trustee is appointed to hold the assets of the trust for the benefit of the beneficiaries of the trust. The terms of the trust dictates how the trustee will manage the trust.
Underwriting Requirements:
- Copy of petition to appoint trustee
- Copy of trust
- Some sureties require bond application
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