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Minnesota Statutes, Title Minnesota Statutes

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Minnesota/Statutes

← All Minnesota coverage

Title Minnesota Statutes, Minnesota Statutes

1,133 chapters · 28,363 sections in this title.

All chapters in Title Minnesota Statutes28,363 Ch 336, UNIFORM COMMERCIAL CODE642 Ch 524, UNIFORM PROBATE CODE394 Ch 609, CRIMINAL CODE377 Ch 144, DEPARTMENT OF HEALTH361 Ch 469, ECONOMIC DEVELOPMENT257 Ch 473, METROPOLITAN GOVERNMENT247 Ch 148, PUBLIC HEALTH OCCUPATIONS206 Ch 169, TRAFFIC REGULATIONS200 Ch 256B, MEDICAL ASSISTANCE FOR NEEDY PERSONS196 Ch 60A, GENERAL INSURANCE POWERS195 Ch 13, GOVERNMENT DATA PRACTICES177 Ch 115A, WASTE MANAGEMENT171 Ch 325F, CONSUMER PROTECTION; PRODUCTS AND SALES168 Ch 383B, HENNEPIN COUNTY168

22 sections·Filtered byTitle Minnesota Statutes✕Ch 520✕

Minn. Stat. § 520.01 DEFINITIONS.
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520.01 DEFINITIONS. § Subdivision 1.Applicability. Unless the language or context clearly indicates that different meaning is intended, the following words, terms, and phrases, for the purposes of sections 520.01 to 520.13, shall be given the meanings subjoined to them. § Subd. 2…
Minn. Stat. § 520.02 APPLICATION OF PAYMENTS MADE TO FIDUCIARIES.
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520.02 APPLICATION OF PAYMENTS MADE TO FIDUCIARIES. A person who in good faith pays or transfers to a fiduciary any money or other property which the fiduciary as such is authorized to receive, is not responsible for the proper application thereof by the fiduciary; and any right …
Minn. Stat. § 520.07 DEPOSIT IN NAME OF FIDUCIARY AS SUCH.
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520.07 DEPOSIT IN NAME OF FIDUCIARY AS SUCH. If a deposit is made in a bank to the credit of a fiduciary as such, the bank is authorized to pay the amount of the deposit or any part thereof upon the check of the fiduciary, signed with the name in which such deposit is entered, wi…
Minn. Stat. § 520.08 DEPOSIT IN NAME OF PRINCIPAL.
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520.08 DEPOSIT IN NAME OF PRINCIPAL. If a check is drawn upon the account of the principal in a bank by a fiduciary who is empowered to draw checks upon the principal's account, the bank is authorized to pay such check without being liable to the principal, unless the bank pays t…

Minn. Stat. § 520.09 DEPOSIT IN FIDUCIARY'S PERSONAL ACCOUNT.

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520.09 DEPOSIT IN FIDUCIARY'S PERSONAL ACCOUNT. If a person who is a fiduciary makes a deposit in a bank to the person's personal credit of checks drawn by the person upon an account in the person's name as fiduciary, or of checks payable to the person as fiduciary, or of checks …

Minn. Stat. § 520.10 DEPOSIT IN NAMES OF TWO OR MORE TRUSTEES.

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520.10 DEPOSIT IN NAMES OF TWO OR MORE TRUSTEES. When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account by any trustee or trustees authorized by the other trustee or trustees to draw checks upon the trust accoun…

Minn. Stat. § 520.11 APPLICATION.

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520.11 APPLICATION. The provisions of sections 520.01 to 520.13 shall not apply to transactions taking place prior to the time when Laws 1945, chapter 202, takes effect. History: 1945 c 202 s 11

Minn. Stat. § 520.12 CASES NOT PROVIDED FOR IN SECTIONS 520.01 TO 520.13.

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520.12 CASES NOT PROVIDED FOR IN SECTIONS 520.01 TO 520.13. In any case not provided for in sections 520.01 to 520.13 the rules of law and equity including the law merchant and those rules of law and equity relating to trusts, agency, negotiable instruments, and banking, shall co…

Minn. Stat. § 520.13 CITATION, UNIFORM FIDUCIARIES ACT.

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520.13 CITATION, UNIFORM FIDUCIARIES ACT. Sections 520.01 to 520.13 may be cited as the "Uniform Fiduciaries Act." History: 1945 c 202 s 13

Minn. Stat. § 520.21 DEFINITIONS.

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520.21 DEFINITIONS. In sections 520.21 to 520.31, unless the context otherwise requires: (a) "Assignment" includes any written stock power, bond power, bill of sale, deed, declaration of trust, or other instrument of transfer. (b) "Claim of beneficial interest" includes a claim o…

Minn. Stat. § 520.22 REGISTRATION IN THE NAME OF A FIDUCIARY.

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520.22 REGISTRATION IN THE NAME OF A FIDUCIARY. A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary is not bound to inquire into the existence, extent, or correct description of the fiduciary relatio…

Minn. Stat. § 520.23 ASSIGNMENT BY A FIDUCIARY.

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520.23 ASSIGNMENT BY A FIDUCIARY. Except as otherwise provided in sections 520.21 to 520.31, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary: (a) May assume without inquiry that the assignment, even though to the fiduciary …

Minn. Stat. § 520.24 EVIDENCE OF APPOINTMENT OR INCUMBENCY.

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520.24 EVIDENCE OF APPOINTMENT OR INCUMBENCY. A corporation or transfer agent making a transfer pursuant to an assignment by a fiduciary who is not the registered owner shall obtain the following evidence of appointment or incumbency: (a) In the case of a fiduciary appointed or q…

Minn. Stat. § 520.25 ADVERSE CLAIMS.

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520.25 ADVERSE CLAIMS. (a) A person asserting a claim of beneficial interest adverse to the transfer of a security pursuant to an assignment by a fiduciary may give the corporation or transfer agent written notice of the claim. The corporation or transfer agent is not put on noti…

Minn. Stat. § 520.26 NONLIABILITY OF CORPORATION AND TRANSFER AGENT.

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520.26 NONLIABILITY OF CORPORATION AND TRANSFER AGENT. A corporation or transfer agent incurs no liability to any person by making a transfer or otherwise acting in a manner authorized by sections 520.21 to 520.31. History: 1961 c 462 s 6

Minn. Stat. § 520.27 NONLIABILITY OF THIRD PERSONS.

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520.27 NONLIABILITY OF THIRD PERSONS. (a) No person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary, including a person who guarantees the signature of the fiduciary, is liable for participation in any breach of fiduciar…

Minn. Stat. § 520.28 TERRITORIAL APPLICATION.

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520.28 TERRITORIAL APPLICATION. (a) The rights and duties of a corporation and its transfer agents in registering a security in the name of a fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the law of the jurisdiction under…

Minn. Stat. § 520.29 TAX OBLIGATIONS.

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520.29 TAX OBLIGATIONS. Sections 520.21 to 520.31 do not affect any obligation of a corporation or transfer agent with respect to estate, inheritance, succession, or other taxes imposed by the laws of this state. History: 1961 c 462 s 9

Minn. Stat. § 520.30 UNIFORMITY OF INTERPRETATION.

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520.30 UNIFORMITY OF INTERPRETATION. Sections 520.21 to 520.31 shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it. History: 1961 c 462 s 10

Minn. Stat. § 520.31 SHORT TITLE.

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520.31 SHORT TITLE. Sections 520.21 to 520.31 may be cited as the "Uniform Act for the Simplification of Fiduciary Security Transfers." History: 1961 c 462 s 11

Minn. Stat. § 520.32 DEPOSIT OF SECURITIES IN CENTRAL DEPOSITORY.

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520.32 DEPOSIT OF SECURITIES IN CENTRAL DEPOSITORY. § Subdivision 1.Authorization. Notwithstanding any other provision of law, any fiduciary, as defined in sections 520.01 or 520.21, holding securities in its fiduciary capacity, any bank or trust company holding securities as a c…

Minn. Stat. § 520.33 DEPOSIT OF UNITED STATES GOVERNMENT AND AGENCY SECURITIES WITH A FEDERAL RESERVE BANK.

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520.33 DEPOSIT OF UNITED STATES GOVERNMENT AND AGENCY SECURITIES WITH A FEDERAL RESERVE BANK. § Subdivision 1.Authorization. Notwithstanding any other provision of law, any bank or trust company, when acting as fiduciary, as defined in section 520.01 or 520.21, and any bank or tr…