2016 Minnesota Statutes
Chapters 474 - 477A — PUBLIC DEBT; LOCAL GOVERNMENT AID
Chapter 475 — MUNICIPAL DEBT
Section 475.78 — PERFECTION OF PLEDGE; SECURITY INTERESTS.
Neither filing nor possession is required to perfect the security interest created by any pledge or appropriation of revenues or funds of the municipality, including any of its investments, to the payment of bonds issued by the municipality. Notwithstanding any contrary provision of law, article 9 of the Uniform Commercial Code does not apply to security interests created by a municipality or the state, except security interests in equipment and fixtures.
History: 1987 c 344 s 35; 2000 c 493 s 17
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
