Minnesota § 475.78 PERFECTION OF PLEDGE; SECURITY INTERESTS

Minnesota Statutes

§ 475.78 — PERFECTION OF PLEDGE; SECURITY INTERESTS

Minnesota § 475.78

PartPUBLIC DEBT; LOCAL GOVERNMENT AID

Ch. 475MUNICIPAL DEBT

This text of Minnesota § 475.78 (PERFECTION OF PLEDGE; SECURITY INTERESTS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 475.78 (2026).

Text

Neither filing nor possession is required to perfect the security interest created by any pledge or appropriation of revenues or funds of the municipality, including any of its investments, to the payment of bonds issued by the municipality. Notwithstanding any contrary provision of law, article 9 of the Uniform Commercial Code does not apply to security interests created by a municipality or the state, except security interests in equipment and fixtures.

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Neither filing nor possession is required to perfect the security interest created by any pledge or appropriation of revenues or funds of the municipality, including any of its investments, to the payment of bonds issued by the municipality. Notwithstanding any contrary provision of law, article 9 of the Uniform Commercial Code does not apply to security interests created by a municipality or the state, except security interests in equipment and fixtures.