State Codes and Statutes

Statutes > Minnesota > 500-515B > 501B > 501B_05

501B.05 BONA FIDE PURCHASERS PROTECTED.

An express trust not declared in the disposition to the trustee or a constructive or resulting trust does not defeat the title of a purchaser from the trustee for value and without notice of the trust, or the rights of a creditor who extended credit to the trustee in reliance upon the trustee's apparent ownership of the trust property.

History:

1989 c 340 art 1 s 5

State Codes and Statutes

Statutes > Minnesota > 500-515B > 501B > 501B_05

501B.05 BONA FIDE PURCHASERS PROTECTED.

An express trust not declared in the disposition to the trustee or a constructive or resulting trust does not defeat the title of a purchaser from the trustee for value and without notice of the trust, or the rights of a creditor who extended credit to the trustee in reliance upon the trustee's apparent ownership of the trust property.

History:

1989 c 340 art 1 s 5


State Codes and Statutes

State Codes and Statutes

Statutes > Minnesota > 500-515B > 501B > 501B_05

501B.05 BONA FIDE PURCHASERS PROTECTED.

An express trust not declared in the disposition to the trustee or a constructive or resulting trust does not defeat the title of a purchaser from the trustee for value and without notice of the trust, or the rights of a creditor who extended credit to the trustee in reliance upon the trustee's apparent ownership of the trust property.

History:

1989 c 340 art 1 s 5