(a) Except as provided in paragraph (c), if the assets of an express trust by will or other written instrument include real property in this state that the trustee is not, under the terms of the trust, then permitted to sell, mortgage, or lease, and if section 501C.0205 is applicable to the trust, the trustee or a beneficiary of the trust may petition the court then having jurisdiction of the trust for an order directing the trustee to sell, mortgage, or lease the real property or a part of the real property.
(b) Except as provided in paragraph (c), if the assets of an express trust by will or other written instrument include real property in this state that the trustee is not, under the terms of the trust, then permitted to sell, mortgage, or lease, and if section 501C.0205 is not applicable to the trust, the trustee or a beneficiary of the trust may petition an appropriate district court under section 501C.0202 for an order directing the trustee to sell, mortgage, or lease the real property or a part of the real property.
(c) If a trust is of the kind described in section 501C.1202, subdivision 3, no order described in paragraph (a) or (b) may be entered upon a petition filed by a person other than the trustee.
1989 c 340 art 1 s 38; 1990 c 581 s 3; 2015 c 5 art 15 s 10
Structure Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 501B — Charitable Trusts
Section 501B.31 — Charitable Trusts.
Section 501B.32 — Private Foundations; Charitable Trusts; Split-interest Trusts.
Section 501B.34 — Charitable Trusts; Supervision By Attorney General.
Section 501B.35 — Definitions.
Section 501B.36 — Registration And Reporting.
Section 501B.37 — Register Of Trusts And Trustees.
Section 501B.38 — Information Filing.
Section 501B.39 — Public Inspection Of Records.
Section 501B.41 — Breach Of Trust; Proceedings To Secure Compliance.
Section 501B.42 — Contrary Provisions Of Instrument Invalid.
Section 501B.43 — Cost Of Investigations And Proceedings; Registration And Filing Fees.
Section 501B.44 — Immunity Of Charitable Trusts.
Section 501B.45 — Sale Of Banks Owned By Charitable Trusts.
Section 501B.46 — Petition For Court Order To Sell, Mortgage, Or Lease Real Property Held In Trust.
Section 501B.48 — When Petition May Be Granted.
Section 501B.49 — Notice Of Hearing.
Section 501B.51 — Order Upon Petition; Execution Of Transaction.
Section 501B.52 — Report Of Agreement For Confirmation.
Section 501B.53 — Order Of Confirmation; Contents And Subsequent Procedures; Distribution Of Assets.
Section 501B.54 — Legal Effect Of Deed, Mortgage, Or Lease Made Under Section 501b.53.