Subdivision 1. Definition. In this section, "transfer statement for a contract for deed" means a document that:
(1) is a transfer statement made in compliance with section 336.9-619(a); and
(2) transfers a seller's interest in an executory contract for the sale of land or of an interest in land that entitles the purchaser to possession of the land.
Subd. 2. Registration of statement. A transferee under a transfer statement for a contract for deed is entitled to have the statement recorded as provided in section 336.9-619(b). The registrar shall enter a memorial of the statement on the certificate of title for the land in which the debtor has a registered interest.
Subd. 3. New certificate of title. If a transferee under a transfer statement for a contract for deed has become the owner in fee of the land, or any part of it, the transferee may have the title registered. To do so, the transferee must petition the court for a new certificate of title to the land. On receiving the petition, the court shall notify the parties in interest and order a new certificate issued to the petitioner. The registrar shall issue a new certificate of title to the land, or the part of the land, the petitioner owns, as in the case of a voluntary conveyance.
Subd. 4. Financing statements. A financing statement that is filed pursuant to section 336.9-502(b) need not contain: (1) the signatures of the debtor or the secured party; or (2) an acknowledgment, and must be filed with the registrar, and shown as a memorial on the certificate of title.
2001 c 195 art 1 s 22
Structure Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 508A — Registration Of Land Without Court Proceedings
Section 508A.01 — Registration; Purpose; Definition.
Section 508A.02 — Registered, Unregistered Land Subject To Same Incidents.
Section 508A.03 — Application.
Section 508A.04 — Titles Which May Be Registered.
Section 508A.05 — Applications; How Signed And Verified.
Section 508A.06 — Contents Of Application; Claimants' Rights, Privileges.
Section 508A.07 — Nonresident Applicant; Agent.
Section 508A.08 — Application; Land Included.
Section 508A.10 — Application To Examiner; Powers Of Examiner.
Section 508A.11 — Application Filed With Recorder; Abstract To Examiner; Fee.
Section 508A.12 — Examiner Of Titles; Deputies.
Section 508A.13 — Examiner's Reports.
Section 508A.14 — County Surveyor.
Section 508A.17 — Limitation On Actions.
Section 508A.21 — Cpt Application Withdrawal; Conversion To Full Registration.
Section 508A.22 — Examiner's Directive; Fees.
Section 508A.24 — Registration Runs With Land.
Section 508A.25 — Rights Of Person Holding Cpt.
Section 508A.30 — Registrar Of Titles.
Section 508A.31 — Registrar's Bond.
Section 508A.32 — Under Control Of Court; Affixing Seal.
Section 508A.321 — Appeal From Registrar's Decisions.
Section 508A.34 — Cpts; Entering And Binding.
Section 508A.349 — Official Signature Of Registrar Of Titles.
Section 508A.35 — Forms Of Cpt.
Section 508A.351 — Common Interest Community Certificate.
Section 508A.36 — Certificates And Copies As Evidence.
Section 508A.37 — Tract Indexes; Reception Books; Forms Of Records.
Section 508A.38 — Forms Of Records Adopted.
Section 508A.381 — Official Records; Compilation, Maintenance, And Storage Of Information.
Section 508A.39 — Notices After Registration; Service.
Section 508A.40 — Copy Of Cpt To Be Furnished To Owner.
Section 508A.421 — Exchange Cpt.
Section 508A.422 — Combined Certificate.
Section 508A.43 — Effective Date Of Cpt.
Section 508A.46 — Plats Of Registered Land.
Section 508A.47 — Registered Lands; Transfer, Surveys.
Section 508A.48 — Filed Instrument Affecting Title Is Notice.
Section 508A.49 — Interest Less Than Fee; Noticed By Memorial.
Section 508A.491 — Transfer Statement For Contract For Deed.
Section 508A.50 — Instruments To Have Name And Address.
Section 508A.51 — Voluntary Instrument.
Section 508A.52 — Conveyance; Cancellation Of Old And Issuance Of New Cpt.
Section 508A.53 — Transfer And Payment Of Taxes.
Section 508A.55 — Registration Of Mortgage; Memorial Entered On Cpt.
Section 508A.56 — Assignment And Discharge Of Mortgage.
Section 508A.57 — Foreclosure; Notice.
Section 508A.58 — Registration After Foreclosure; New Cpt.
Section 508A.59 — Registration Of Judgment Or Final Decree.
Section 508A.61 — Trust, Other Limited Deeds; New Trustee; Corporate Dissolution.
Section 508A.62 — Trustee's Conveyance.
Section 508A.63 — Registration Of Instruments Creating Liens; Judgments.
Section 508A.64 — Attachments; Liens.
Section 508A.65 — Plaintiff's Attorney; Name And Address Endorsed; Notice.
Section 508A.66 — Officer's Certificate For Registrar To Cancel; Lis Pendens.
Section 508A.67 — Acquiring Title By Action; New Cpt.
Section 508A.68 — Death Of Owner; Issuance Of New Cpts.
Section 508A.69 — Jurisdiction Of Court Not Impaired.
Section 508A.70 — Subsequent Adverse Claim, How Registered; Costs.
Section 508A.71 — Alterations; Court, Examiner's Order; New Certificate.
Section 508A.72 — Agency; Power To Be Registered.
Section 508A.73 — Eminent Domain; Reversion; Vacation.
Section 508A.76 — Registrar's Liability.
Section 508A.77 — Parties Defendant; Judgment; Execution.
Section 508A.78 — Liability Of Fund.
Section 508A.79 — Limitation Of Action.
Section 508A.80 — Fraudulent Instrument Or Entry; Penalty.
Section 508A.82 — Registrar Of Titles' Fees.
Section 508A.836 — Disposal Of Certain Affidavits.
Section 508A.84 — Instruments Of Encumbrance; Disposal.
Section 508A.85 — Changeover From Cpt To Certificate Of Title.