2005 Minnesota Statutes - 80D.08 — Lien on behalf of residents.

     80D.08 Lien on behalf of residents. 


    Effective at the time a facility is first occupied by any 
 resident, there shall exist a lien on the real and personal 
 property of the provider or facility to secure the obligations 
 of the provider pursuant to existing and future contracts for 
 continuing care.  A lien under this section is effective for a 
 period of ten years.  The lien may be foreclosed upon the 
 liquidation of the facility or the insolvency or bankruptcy of 
 the provider, and in that event the proceeds shall be used in 
 full or partial satisfaction of obligations of the provider 
 pursuant to contracts for continuing care then in effect.  


    HIST: 1980 c 516 s 10; 1981 c 135 s 8