2005 Minnesota Statutes - 551.03 — Definitions.

     551.03 Definitions. 


    Subdivision 1.    Scope.  For the purposes of this 
 chapter, the terms defined in this section have the meanings 
 given them.  


    Subd. 2.    Judgment creditor.  "Judgment creditor" 
 means a party who has a judgment for the recovery of money in 
 the civil action whether that party is the plaintiff, defendant, 
 or other party in the civil action and who is serving the 
 execution levy. 


    Subd. 3.    Judgment debtor.  "Judgment debtor" means a 
 party against whom the judgment creditor has a judgment for the 
 recovery of money in the civil action whether that party is the 
 plaintiff, defendant, or other party in the civil action.  


    Subd. 4.    Third party.  "Third party" means the person 
 or entity upon whom the execution levy is served. 


    Subd. 5.    Claim.  "Claim" means the unpaid balance of 
 the creditor's judgment against the judgment debtor, including 
 all lawful interest and costs incurred.  


    HIST: 1990 c 606 art 2 s 3