Subdivision 1. Filing with secretary of state. A mortgage or deed of trust to secure a debt executed by a pipeline company engaged in the business of transporting oil, gas, petroleum products, or other commodities that may be transported by pipeline, other than a "public utility" as defined in Minnesota Statutes 1982, section 300.111, covering the whole or any part of its easements or other less than fee simple interests in real estate used in the transportation or distribution of oil, gas, petroleum products, or other commodities that may be transported by pipeline, and also covering the fixtures of the pipeline company which are annexed to the pipeline must be filed in the Office of the Secretary of State along with or as a part of the financing statement covering the fixtures. The filing of the mortgage or deed of trust shall have the same effect, and shall be notice of the rights and interests of the mortgagee or trustee in the easements and other less than fee simple interests in real estate to the same extent as if the mortgage or deed of trust were duly recorded in the office of the county recorder, or duly registered in the office of the registrar of titles of the county or counties in which the real estate is situated. The mortgages or deeds of trust may by their terms include after-acquired property, real and personal, and shall be as valid and effectual for that purpose as if the after-acquired property were owned by, and in possession of, the company giving the mortgage and deed of trust at the time of the execution. Notwithstanding the Uniform Commercial Code the filing and recording of the mortgage and deed of trust in the office of the secretary of state shall be notice of the rights of all parties in the real and personal property and fixtures covered by the filing and will so remain until satisfied or discharged without further affidavit, continuation statement, or proceeding.
Subd. 2. Effect of prior instrument. For the purposes of this section, any mortgage or deed of trust filed under this section shall be deemed to contain a sufficient description to give notice of the rights and interest of the mortgagee or trustee in the easements and other less than fee simple interests in the real estate used for the transmission of oil, gas, petroleum products, or other commodities which may be transported by pipeline if the mortgage and deed of trust states that the security includes rights-of-way, transmission systems, or lines of the pipeline company, or all property owned by the pipeline company.
Subd. 3. Nonapplication. This section shall not apply to any real estate owned by a pipeline company in fee simple.
1967 c 338 s 1,2; 1976 c 181 s 2; 1983 c 87 s 1; 1984 c 628 art 5 s 1; 2005 c 69 art 1 s 21
Structure Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 507 — Recording And Filing Conveyances
Section 507.01 — Conveyance And Purchaser.
Section 507.02 — Conveyances By Spouses; Powers Of Attorney.
Section 507.021 — Conveyances Recorded 15 Years Validated.
Section 507.03 — Purchase-money Mortgage; Nonjoinder Of Spouse.
Section 507.04 — Conveyance Of Protected Person's Real Property.
Section 507.05 — Conveyance By Corporation; Resolution Appointing Attorney.
Section 507.06 — Quitclaim Deed Passes All Estate Of Grantor.
Section 507.061 — Words Of Inheritance Not Needed.
Section 507.07 — Warranty And Quitclaim Deeds; Forms.
Section 507.071 — Transfer On Death Deeds.
Section 507.09 — Forms Approved; Amendments.
Section 507.091 — Conveyance To Include Name And Address Of Drafter.
Section 507.092 — Conveyance To Include Name And Address Of Person To Receive Tax Statements.
Section 507.093 — Standards For Documents To Be Recorded Or Filed.
Section 507.0941 — Definitions.
Section 507.0942 — Uniformity Of Application And Construction.
Section 507.0943 — Validity And Time Of Recording Of Electronic Documents.
Section 507.0944 — Recording Of Documents.
Section 507.0945 — Administration.
Section 507.0947 — Relation To Electronic Signatures In Global And National Commerce Act.
Section 507.0948 — Donations; Reimbursement.
Section 507.10 — Certified Copies Of Forms To Be Preserved.
Section 507.13 — Standard Forms Established.
Section 507.14 — Minnesota Uniform Conveyancing Blanks.
Section 507.15 — Uniform Short Form Mortgage; Equivalent Language.
Section 507.16 — No Covenants Of Title Implied.
Section 507.161 — Conveyance By Disseisee.
Section 507.17 — Conveyance Includes Abutting Vacated Public Right-of-way.
Section 507.18 — Prohibited Restrictions.
Section 507.19 — Conveyance By Tenant For Life Or Years; No Forfeiture.
Section 507.20 — Grantor To Make Known Encumbrance.
Section 507.21 — Liability Of Grantor Who Covenants Against Encumbrances.
Section 507.23 — Incomplete Conveyance, How Proven.
Section 507.235 — Filing Contracts For Deed.
Section 507.236 — Transfer Statement For Contract For Deed.
Section 507.24 — Recordable, When.
Section 507.25 — Certified Copy Of Record May Be Recorded.
Section 507.251 — Constructive Notice, When Not Affected.
Section 507.27 — Copy Of Will And Order Admitting To Probate.
Section 507.28 — Deeds Of Pews.
Section 507.29 — Affidavits As Evidence.
Section 507.31 — Railroad Lands.
Section 507.32 — Record, When Notice To Parties; Assignment Of Mortgage.
Section 507.325 — Mortgage Securing Revolving Line Of Credit; Notice.
Section 507.328 — Mortgages And Deeds Of Trust Of Pipeline Companies; Filing And Recording.
Section 507.33 — Certain Recitals Not To Constitute Notice Of Mortgage.
Section 507.331 — Certain Recitals Disregarded.
Section 507.332 — Whether Recorded Recital Of Unrecorded Mortgage Is Notice.
Section 507.34 — Unrecorded Conveyances Void In Certain Cases.
Section 507.35 — When Deed To Trustee Ineffective; Cure.
Section 507.36 — Instruments Relating To Timber, Minerals.
Section 507.38 — When Deed Not Defeated By Defeasance.
Section 507.40 — Mortgages, How Discharged.
Section 507.401 — Title Insurance Company; Mortgage Release Certificate.
Section 507.402 — Discharge Of Mortgage From Contract For Deed Seller.
Section 507.403 — Certificate Of Satisfaction; Release Or Partial Release Of Mortgage By Assignee.
Section 507.41 — Penalty For Failure To Discharge.
Section 507.411 — Corporate Change Noted In Assignment, Satisfaction, Or Release.
Section 507.412 — Satisfaction Or Release By Fewer Than All Mortgagees.
Section 507.413 — Authority Of Mortgagee Designated As Nominee Or Agent.
Section 507.42 — Certain Deeds Validated.
Section 507.421 — Estates And Trusts; Conveyances, Satisfactions, Grants, And Releases.
Section 507.422 — Certain County Conveyances Validated.
Section 507.45 — Residential Real Estate Closings.
Section 507.46 — Certificate Of Translation Of Documents In Foreign Languages.
Section 507.47 — Creation Of Servitudes By Common Owner.
Section 507.48 — Bona Fide Purchasers Protected.
Section 507.49 — Certificate Of Custodianship.
Section 507.50 — Affidavit Of Custodian In Real Property Transactions.