Minnesota § 508A.491 TRANSFER STATEMENT FOR CONTRACT FOR DEED

Minnesota Statutes

§ 508A.491 — TRANSFER STATEMENT FOR CONTRACT FOR DEED

Minnesota § 508A.491

PartPROPERTY AND PROPERTY INTERESTS

Ch. 508AREGISTRATION OF LAND WITHOUT COURT PROCEEDINGS

This text of Minnesota § 508A.491 (TRANSFER STATEMENT FOR CONTRACT FOR DEED) 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. § 508A.491 (2026).

Text

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 section336.9-619(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 section336.9-619(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

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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 section336.9-619(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 section336.9-619(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 section336.9-502(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.