2014 Minnesota Statutes
Chapters 500 - 515B — PROPERTY AND PROPERTY INTERESTS
Chapter 507 — RECORDING AND FILING CONVEYANCES
Section 507.236 — TRANSFER STATEMENT FOR CONTRACT FOR DEED.
In this section, "transfer statement for a contract for deed" means a document that:
(1) is a transfer statement made in compliance with section 336.9-619(a); and
(2) transfers a seller's interest in an executory contract for the sale of real estate or of an interest in real estate that entitles the purchaser to possession of the real estate.
§ Subd. 2. Recording of statement.A transferee under a transfer statement for a contract for deed is entitled to have the statement recorded as provided in section 336.9-619(b). Recording must be with the county recorder or registrar of titles in the county where the affected real estate is located.
§ Subd. 3. Effects of recording.Subject to compliance with any applicable provisions of section 508.491 or 508A.491, recording a transfer statement for a contract for deed has the following effects:
(1) it transfers from the contract seller named as debtor in the statement to the transferee all title and interest of the contract seller in the real estate described in the statement;
(2) it has the same effect as an assignment and a deed from the contract seller to the transferee; and
(3) it is a conveyance within the meaning of section 507.34.
History:2001 c 195 art 1 s 19
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