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Minnesota Statutes Retirement (Ch. 352-356B) § 356A.09. Fiduciary breach; remedies

Current as of January 01, 2025 | Updated by Findlaw Staff

Subdivision 1. Occurrence of breach.A fiduciary breach occurs if a fiduciary violates the general standard of fiduciary conduct as specified insection 356A.04in carrying out the activities of a fiduciary. A fiduciary breach also occurs if a fiduciary of a covered pension plan violates the provisions ofsection 356A.06, subdivision 9.

Subd. 2. Remedies.Remedies available for a fiduciary breach by a fiduciary are those specified by statute or available at common law.

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Cite this article: FindLaw.com - Minnesota Statutes Retirement (Ch. 352-356B) § 356A.09. Fiduciary breach; remedies - last updated January 01, 2025 | https://codes.findlaw.com/mn/retirement-ch-352-356b/mn-st-sect-356a-09/

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