287.03 — Instruments valid security for debt.

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     287.03 Instruments valid security for debt. 


    No instrument, other than a decree of marriage dissolution 
 or an instrument made pursuant to it, relating to real estate 
 shall be valid as security for any debt, unless the fact that it 
 is intended and the initial known amount of the debt are 
 expressed in it. 


    HIST: (2322) 1907 c 328 s 1; 1983 c 233 s 2; 1999 c 31 s 2 


Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.