Minnesota Statutes > Chapter 321 > ARTICLE 12 – Miscellaneous Provisions


§ 321.1201	Uniformity of Application and Construction
§ 321.1202	Severability Clause
§ 321.1203	Relation to Electronic Signatures in Global and National Commerce Act
§ 321.1206	Application to Existing Relationships
§ 321.1207	Savings Clause
§ 321.1208	Effect of Designation

Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Deed: The legal instrument used to transfer title in real property from one person to another.
Devise: To gift property by will.
Donor: The person who makes a gift.
Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Majority: means with respect to an individual the period of time after the individual reaches the age of 18. See Minnesota Statutes 645.451
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
Personal property: All property that is not real property.
state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44