Ryan Milligan

Ryan Milligan

Faegre Drinker Biddle & Reath LLP

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Trio of Corporate Trust Decisions Addresses Jurisdiction, Standing and Authority to Direct the Trustee

Three recent corporate trust decisions provide insight into issues of jurisdiction, standing of indirect holders and the authority of limited direct certificateholders to direct trustees. The U.S. Supreme Court has left alone...more

United States Supreme Court May Consider Constitutionality of Minnesota Trust Code

A Petition for Certiorari is pending before the Supreme Court of the United States in the case of Ambac Assurance Corporation v. U.S. Bank National Association, asking the Court to consider the constitutionality of whether...more

9/26/2019  /  Mortgages , Trustees , Trusts

Minnesota Court Denies Standing, Clarifies Definition of “Interested Person” in Trust Instruction Proceedings

To be an “interested person” under the Minnesota Trust Code, a party must have a property right in or claim against the assets of the trust arising out of the trust instrument itself, not merely a possibility of becoming a...more

6/11/2019  /  Beneficiaries , NCUA , Trustees , Trusts
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