Source: https://www.revisor.mn.gov/statutes/2017/cite/507/full
Timestamp: 2020-08-03 09:41:02
Document Index: 430022334

Matched Legal Cases: ['art 1', 'art 1', 'art 2', 'art 12', 'art 12', 'art 12']

507.30 [Repealed, 2016 c 158 art 1 s 215]
507.37 [Repealed, 2016 c 158 art 1 s 215]
507.48 BONA FIDE PURCHASERS PROTECTED.
507.49 CERTIFICATE OF CUSTODIANSHIP.
507.50 AFFIDAVIT OF CUSTODIAN IN REAL PROPERTY TRANSACTIONS.
(b) If a law requires, as a condition for recording, that a document contain original signatures, the requirement is satisfied by an electronic signature.
2008 c 238 art 2 s 3; 2017 c 16 s 3
Sections 507.0941 to 507.0948 may be cited as the "Minnesota Real Property Electronic Recording Act."
2015 c 5 art 12 s 9
A certificate of custodianship executed under subdivision 1 may be recorded in the office of the county recorder for any county or in the office of the registrar of titles with respect to registered land described in the certificate of custodianship or any attachment to it. When it is recorded in a county where real property is situated, or in the case of personal property, when it is presented to a third party, the certificate of custodianship serves to document the existence of the custodianship, the identity of the custodians, the powers of the custodians and any limitations on those powers, and other matters the certificate of custodianship sets out, as though the full custodianship instrument had been recorded, filed, or presented. Until amended or revoked under subdivision 3, or until the full custodianship instrument is recorded or presented, a certificate of custodianship is prima facie proof as to the matters contained in it, and any party may rely upon the continued effectiveness of the certificate.
(b) For purposes of this subdivision, "actual notice" means that a written instrument of amendment or revocation has been received by the party or, in the case of real property, that either a written instrument of amendment or revocation has been received by the party or that a written instrument of amendment or revocation containing the legal description of the real property has been recorded in the office of the county recorder or in the office of the registrar of titles where the real property is situated.
(a) Subdivisions 1 to 3 apply to custodianship instruments whenever created or executed.
2015 c 5 art 12 s 10
An Affidavit of Custodian or Custodians under subdivision 1 may be recorded in the office of the county recorder for any county or in the office of the registrar of titles for any county with respect to registered land described in the affidavit, or in the Certificate of Custodianship or Custodianship Instrument referred to in the affidavit, and may be recorded as a separate document or combined with or attached to an original or certified copy of a Certificate of Custodianship or Custodianship Instrument, and recorded as one document.
2015 c 5 art 12 s 11