§ 507.01 Conveyance and Purchaser
§ 507.02 Conveyances by Spouses; Powers of Attorney
§ 507.021 Conveyances Recorded 15 Years Validated
§ 507.03 Purchase-Money Mortgage; Nonjoinder of Spouse
§ 507.04 Conveyance of Protected Person’s Real Property
§ 507.05 Conveyance by Corporation; Resolution Appointing Attorney
§ 507.06 Quitclaim Deed Passes All Estate of Grantor
§ 507.061 Words of Inheritance Not Needed
§ 507.07 Warranty and Quitclaim Deeds; Forms
§ 507.071 Transfer On Death Deeds
§ 507.09 Forms Approved; Amendments
§ 507.091 Conveyance to Include Name and Address of Drafter
§ 507.092 Conveyance to Include Name and Address of Person to Receive Tax Statements
§ 507.093 Standards for Documents to Be Recorded or Filed
§ 507.0941 Definitions
§ 507.0942 Uniformity of Application and Construction
§ 507.0943 Validity and Time of Recording of Electronic Documents
§ 507.0944 Recording of Documents
§ 507.0945 Administration
§ 507.0946 Standards
§ 507.0947 Relation to Electronic Signatures in Global and National Commerce Act
§ 507.0948 Donations; Reimbursement
§ 507.0949 Title
§ 507.10 Certified Copies of Forms to Be Preserved
§ 507.13 Standard Forms Established
§ 507.14 Minnesota Uniform Conveyancing Blanks
§ 507.15 Uniform Short Form Mortgage; Equivalent Language
§ 507.16 No Covenants of Title Implied
§ 507.161 Conveyance by Disseisee
§ 507.17 Conveyance Includes Abutting Vacated Public Right-of-Way
§ 507.18 Prohibited Restrictions
§ 507.19 Conveyance by Tenant for Life or Years; No Forfeiture
§ 507.20 Grantor to Make Known Encumbrance
§ 507.21 Liability of Grantor Who Covenants Against Encumbrances
§ 507.23 Incomplete Conveyance, How Proven
§ 507.235 Filing Contracts for Deed
§ 507.236 Transfer Statement for Contract for Deed
§ 507.24 Recordable, When
§ 507.25 Certified Copy of Record May Be Recorded
§ 507.251 Constructive Notice, When Not Affected
§ 507.26 Judgments
§ 507.27 Copy of Will and Order Admitting to Probate
§ 507.28 Deeds of Pews
§ 507.29 Affidavits as Evidence
§ 507.31 Railroad Lands
§ 507.32 Record, When Notice to Parties; Assignment of Mortgage
§ 507.325 Mortgage Securing Revolving Line of Credit; Notice
§ 507.327 Mortgages, Deeds of Trust and Other Instruments of Public Utilities; Filing and Recording
§ 507.328 Mortgages and Deeds of Trust of Pipeline Companies; Filing and Recording
§ 507.33 Certain Recitals Not to Constitute Notice of Mortgage
§ 507.331 Certain Recitals Disregarded
§ 507.332 Whether Recorded Recital of Unrecorded Mortgage Is Notice
§ 507.34 Unrecorded Conveyances Void in Certain Cases
§ 507.35 When Deed to Trustee Ineffective; Cure
§ 507.36 Instruments Relating to Timber, Minerals
§ 507.38 When Deed Not Defeated by Defeasance
§ 507.40 Mortgages, How Discharged
§ 507.401 Title Insurance Company; Mortgage Release Certificate
§ 507.402 Discharge of Mortgage From Contract for Deed Seller
§ 507.403 Certificate of Satisfaction; Release or Partial Release of Mortgage by Assignee
§ 507.41 Penalty for Failure to Discharge
§ 507.411 Corporate Change Noted in Assignment, Satisfaction, or Release
§ 507.412 Satisfaction or Release by Fewer Than All Mortgagees
§ 507.413 Authority of Mortgagee Designated as Nominee or Agent
§ 507.42 Certain Deeds Validated
§ 507.421 Estates and Trusts; Conveyances, Satisfactions, Grants, and Releases
§ 507.422 Certain County Conveyances Validated
§ 507.45 Residential Real Estate Closings
§ 507.46 Certificate of Translation of Documents in Foreign Languages
§ 507.47 Creation of Servitudes by Common Owner
§ 507.48 Bona Fide Purchasers Protected
§ 507.49 Certificate of Custodianship
§ 507.50 Affidavit of Custodian in Real Property Transactions

Terms Used In Minnesota Statutes > Chapter 507

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Chair: includes chairman, chairwoman, and chairperson. See Minnesota Statutes 645.44
  • children: includes children by birth or adoption;

    (9) "day" comprises the time from midnight to the next midnight;

    (10) "fiscal year" means the year by or for which accounts are reckoned;

    (11) "hereafter" means a reference to the time after the time when the law containing such word takes effect;

    (12) "heretofore" means a reference to the time previous to the time when the law containing such word takes effect;

    (13) "judicial sale" means a sale conducted by an officer or person authorized for the purpose by some competent tribunal;

    (14) "minor" means an individual under the age of 18 years;

    (15) "money" means lawful money of the United States;

    (16) "night time" means the time from sunset to sunrise;

    (17) "non compos mentis" refers to an individual of unsound mind;

    (18) "notary" means a notary public;

    (19) "now" in any provision of a law referring to other laws in force, or to persons in office, or to any facts or circumstances as existing, relates to the laws in force, or to the persons in office, or to the facts or circumstances existing, respectively, on the effective date of such provision;

    (20) "verified" when used in reference to writings, means supported by oath or affirmation. See Minnesota Statutes 645.45

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Devise: To gift property by will.
  • Direct supervision: means :

    (1) an unlicensed individual is being directly supervised by an individual licensed to perform the elevator work being supervised during the entire time the unlicensed individual is performing elevator work;

    (2) the licensed individual is physically present at the location where the unlicensed individual is performing elevator work and immediately available to the unlicensed individual at all times for assistance and direction;

    (3) the licensed individual shall review the elevator work performed by the unlicensed individual before the elevator work is operated; and

    (4) the licensed individual is able to and does determine that all elevator work performed by the unlicensed individual is performed in compliance with the elevator code. See Minnesota Statutes 326B.163

  • Dower: A widow
  • elevator: means moving walks and vertical transportation devices such as escalators, passenger elevators, freight elevators, dumbwaiters, hand-powered elevators, endless belt lifts, and wheelchair platform lifts. See Minnesota Statutes 326B.163
  • Elevator contractor: means a licensed contractor whose responsible licensed individual is a master elevator constructor. See Minnesota Statutes 326B.163
  • Elevator inspection: means an examination of elevator installations, repairs, alterations, removal, and construction for compliance with the State Building Code that may include witnessing tests performed on elevators by elevator personnel, performing tests on elevators, or an audit of records related to routine and periodic maintenance and testing, or any combination thereof when performed by the department or a municipality authorized to perform such inspections. See Minnesota Statutes 326B.163
  • Elevator inspector: means an individual who meets the requirements established pursuant to section 326B. See Minnesota Statutes 326B.163
  • Elevator work: means the installing, maintaining, altering, repairing, testing, planning, or laying out of elevator apparatus or equipment as covered by Minnesota Rules, chapters 1307 and 1315. See Minnesota Statutes 326B.163
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Felony: A crime carrying a penalty of more than a year in prison.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Inter vivos: Transfer of property from one living person to another living person.
  • Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
  • Journeyworker elevator constructor: means an individual having the necessary qualifications, training, experience, and technical knowledge to install, maintain, alter, test, and repair apparatus and equipment for elevators, including electrical wiring on the load side of the elevator equipment disconnect and who is licensed as a journeyworker elevator constructor by the commissioner. See Minnesota Statutes 326B.163
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.
  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Limited elevator contractor: means a licensed contractor whose responsible licensed individual is a limited master elevator constructor. See Minnesota Statutes 326B.163
  • Limited elevator work: means the installing, maintaining, altering, repairing, testing, planning, or laying out of residential elevators, platform lifts, stairway chairlifts, dumbwaiters, material lifts, limited use or limited application elevator equipment, conveyors, and special purpose personnel elevators as covered by Minnesota Rules, chapters 1307 and 1315. See Minnesota Statutes 326B.163
  • Limited journeyworker elevator constructor: means an individual having the necessary qualifications, training, experience, and technical knowledge to install, maintain, alter, test, and repair apparatus and equipment for residential elevators, platform lifts, stairway chairlifts, dumbwaiters, material lifts, limited use or limited application elevator equipment, conveyors, and special purpose personnel elevators, including electrical wiring on the load side of the elevator equipment disconnect and who is licensed as a limited journeyworker elevator constructor by the commissioner. See Minnesota Statutes 326B.163
  • Limited master elevator constructor: means an individual having the necessary qualifications, training, experience, and technical knowledge to properly plan, lay out, supervise, and perform the testing, altering, installation, maintenance, and repair of wiring, apparatus, and equipment for residential elevators, platform lifts, stairway chairlifts, dumbwaiters, material lifts, limited use or limited application elevator equipment, conveyors, and special purpose personnel elevators, including wiring on the load side of the elevator equipment disconnect and who is licensed as a limited master elevator constructor by the commissioner. See Minnesota Statutes 326B.163
  • Lineal descendant: Direct descendant of the same ancestors.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Majority: means with respect to an individual the period of time after the individual reaches the age of 18. See Minnesota Statutes 645.451
  • Master elevator constructor: means an individual having the necessary qualifications, training, experience, and technical knowledge to properly plan, lay out, supervise, and perform the installation, maintenance, altering, testing, wiring, and repair of apparatus and equipment for elevators, including electrical wiring on the load side of the elevator equipment disconnect and who is licensed as a master elevator constructor by the commissioner. See Minnesota Statutes 326B.163
  • Minor: means an individual under the age of 18. See Minnesota Statutes 645.451
  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • Month: means a calendar month and "year" means a calendar year, unless otherwise expressed; and "year" is equivalent to the expression "year of our Lord. See Minnesota Statutes 645.44
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • 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.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Probate: Proving a will
  • Public member: means a person who is not, or never was, a member of the profession or occupation being licensed or regulated or the spouse of any such person, or a person who does not have or has never had, a material financial interest in either the providing of the professional service being licensed or regulated, or an activity directly related to the profession or occupation being licensed or regulated. See Minnesota Statutes 645.44
  • purchaser: as used in this chapter , embraces every person to whom any estate or interest in real estate is conveyed for a valuable consideration and every assignee of a mortgage, lease, or other conditional estate. See Minnesota Statutes 507.01
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Registered unlicensed elevator constructor: means an individual who has registered with the department but is not licensed by the commissioner to perform elevator work. See Minnesota Statutes 326B.163
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Residential dwelling: is a single dwelling unit that is contained in a one-family, two-family, or multifamily dwelling. See Minnesota Statutes 326B.163
  • Responsible licensed individual: means an individual licensed as a master elevator constructor or limited master elevator constructor who is identified as the responsible licensed individual on an elevator contractor license application. See Minnesota Statutes 326B.163
  • seal: includes an impression thereof upon the paper alone, as well as an impression on a wafer, wax, or other substance thereto attached. See Minnesota Statutes 645.44
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
  • Statute: A law passed by a legislature.
  • Tax: means any fee, charge, exaction, or assessment imposed by a governmental entity on an individual, person, entity, transaction, good, service, or other thing. See Minnesota Statutes 645.44
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • verified: when used in reference to writings, means supported by oath or affirmation. See Minnesota Statutes 645.45
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.