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2019 Minnesota Statutes
Chapters 80B - 81A — Commercial Regulations
Chapter 80D — Continuing Care Facilities
Section 80D.08 — Lien On Behalf Of Residents.
Universal Citation: MN Stat § 80D.08 (2019)
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.
History: 1980 c 516 s 10; 1981 c 135 s 8
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