# Minn. Stat. § 501C.0105: DEFAULT AND MANDATORY RULES

> Minnesota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0105

## Section

- **Citation:** Minn. Stat. § 501C.0105
- **Heading:** DEFAULT AND MANDATORY RULES
- **Jurisdiction:** Minnesota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MN Code / Part 500_515B / Chapter 501C / Section 501C.0105

## Text

(a) Except as otherwise provided in the terms of a trust, this chapter governs the duties and powers of a trustee, relations among trustees, and the rights and interests of a beneficiary.

(b) The terms of a trust prevail over any provision of this chapter except:

(1) the requirements for creating a trust;

(2) the duty of a trustee to act in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries;

(3) the requirement that a trust and its terms be for the benefit of its beneficiaries, and that the trust have a purpose that is lawful, not contrary to public policy, and possible to achieve;

(4) the power of the court to modify or terminate a trust under sections 501C.0410 to 501C.0416 ;

(5) the effect of a spendthrift provision and the rights of certain creditors and assignees to reach a trust as provided in sections 501C.0502 to 501C.0507 ;

(6) the power of the court under section 501C.0702 to require, dispense with, or modify or terminate a bond;

(7) the power of the court under section 501C.0708 , paragraph (b), to adjust a trustee's compensation specified in the terms of the trust which is unreasonably low or high;

(8) the effect of an exculpatory term under section 501C.1008 ;

(9) the rights under sections 501C.1010 to 501C.1013 of a person other than a trustee or beneficiary;

(10) periods of limitation for commencing a judicial proceeding;

(11) the power of the court to take such action and exercise such jurisdiction as may be necessary in the interests of justice; and

(12) the subject-matter jurisdiction of the court as provided in section 501C.0202 and venue for commencing a proceeding as provided in section 501C.0207 , except as provided in section 501C.0102 .

## Nearby sections

- [Minn. Stat. § 501C.0101 § 501C.0101 SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0101.md)
- [Minn. Stat. § 501C.0102 § 501C.0102 SCOPE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0102.md)
- [Minn. Stat. § 501C.0103 § 501C.0103 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0103.md)
- [Minn. Stat. § 501C.0104 § 501C.0104 KNOWLEDGE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0104.md)
- [Minn. Stat. § 501C.0105 § 501C.0105 DEFAULT AND MANDATORY RULES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0105.md)
- [Minn. Stat. § 501C.0106 § 501C.0106 COMMON LAW OF TRUSTS; PRINCIPLES OF EQUITY.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0106.md)
- [Minn. Stat. § 501C.0107 § 501C.0107 GOVERNING LAW.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0107.md)
- [Minn. Stat. § 501C.0108 § 501C.0108 PRINCIPAL PLACE OF ADMINISTRATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0108.md)
- [Minn. Stat. § 501C.0109 § 501C.0109 METHODS AND WAIVER OF NONJUDICIAL NOTICE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0109.md)
- [Minn. Stat. § 501C.0110 § 501C.0110 OTHERS TREATED AS QUALIFIED BENEFICIARIES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0110.md)
- [Minn. Stat. § 501C.0111 § 501C.0111 NONJUDICIAL SETTLEMENT AGREEMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0111.md)
- [Minn. Stat. § 501C.0112 § 501C.0112 RULES OF CONSTRUCTION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0112.md)
- [Minn. Stat. § 501C.0201 § 501C.0201 ROLE OF COURT IN ADMINISTRATION OF TRUST AND NATURE OF JUDICIAL PROCEEDING.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0201.md)
- [Minn. Stat. § 501C.0202 § 501C.0202 SUBJECT MATTER OF JUDICIAL PROCEEDINGS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0202.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0105. Check the current official text before relying on it. Not legal advice.