{"data":{"id":"us-mn/minn.-stat.-501c.0414","jurisdiction":"us-mn","citation":"Minn. Stat. § 501C.0414","heading":"MODIFICATION OR TERMINATION OF UNECONOMIC TRUST.","body":"(a) After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value less than $150,000 may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.\n(b) The court may modify or terminate a trust or remove the trustee and appoint a different trustee if it determines that the value of the trust property is insufficient to justify the cost of administration.\n(c) Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.\n(d) This section does not apply to an easement for conservation or preservation.","path":["PROPERTY AND PROPERTY INTERESTS","CHAPTER 501C. TRUSTS","CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUST"],"source_url":"https://www.revisor.mn.gov/statutes/cite/501C.0414","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:48Z","sha256":"784bea31b4e1ea5756a6598ac24e54bb1707ff3a9987d8e8b64fb4f7f60125be","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-501c.0412","next":"us-mn/minn.-stat.-501c.0415"},"notice":"GroundRules: Original legal text. Not legal advice."}