{"data":{"id":"us-mn/minn.-stat.-501c.1201","jurisdiction":"us-mn","citation":"Minn. Stat. § 501C.1201","heading":"MEMORIAL FUND.","body":"Subdivision 1. Establishment.\nA trust may be created for the purpose of establishing a fund for the benefit of one or more individuals with a single transfer under the Minnesota Uniform Custodial Trust Act in the manner and form provided by section 529.17. A trust authorized under this section must be created and administered and is subject to the Minnesota Uniform Custodial Trust Act.\nSubd. 2. Additional funds.\nNotwithstanding subdivision 1, after a fund has been created, additional funds may be transferred to the fund without the formalities required by chapter 529 if the transferor manifests a reasonable expression of intent to make the transfer, together with a reasonable form of delivery of the property including, but not limited to, the following:\n(1) a check payable to the name of the fund and delivered to the trustee or the trustee's custodial agent;\n(2) delivery of cash or tangible personal property to the trustee or to the trustee's custodial agent;\n(3) delivery and recording of title of stock or other registered security in the name of the fund;\n(4) delivery of a deed and acceptance of the deed by the trustee of the fund, or the recording of a deed in the name of the trustee of the fund with the applicable county recorder or registrar of titles for real property; and\n(5) any other means of transfer and delivery so that a reasonable person would conclude that the transferor intended the property be titled in the name of, and used for the benefit of the beneficiaries of, the fund.","path":["PROPERTY AND PROPERTY INTERESTS","CHAPTER 501C. TRUSTS","MISCELLANEOUS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/501C.1201","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:48Z","sha256":"e6903999ba7552d8f0d404a617c4d44db8b7dc2f91c8efcc6234696ce45b6e7b","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-501c.1118","next":"us-mn/minn.-stat.-501c.1202"},"notice":"GroundRules: Original legal text. Not legal advice."}