After notice to the qualified beneficiaries, a trustee may combine two or more trusts into a single trust or divide a trust into two or more separate trusts, if the result does not impair rights of any beneficiary or adversely affect achievement of the purposes of the trust.
Minn. Stat. § 501C.0417
COMBINATION AND DIVISION OF TRUSTS.
Known as the Minnesota Trust Code
The act spans §§ 501–501 (98 sections).
2015 c 5 art 4 s 14
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.