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.
Minn. Stat. § 507.48
BONA FIDE PURCHASERS PROTECTED.
Known as the Minnesota Real Property Electronic Recording Act
The act spans §§ 507–507 (74 sections).
2015 c 5 art 12 s 9
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.