Source: https://www.revisor.mn.gov/statutes/cite/256B.17
Timestamp: 2019-06-17 05:43:47
Document Index: 462671696

Matched Legal Cases: ['art 2', 'art 5', 'art 2', 'art 2', 'art 3', 'art 3']

Section 256B.17
256B.16 256B.18
1997 Subd. 1 Repealed 1997 c 107 s 19
1997 Subd. 3 Repealed 1997 c 107 s 19
1997 Subd. 4 Repealed 1997 c 107 s 19
1997 Subd. 5 Repealed 1997 c 107 s 19
1997 Subd. 6 Repealed 1997 c 107 s 19
1997 Subd. 7 Amended 1997 c 107 s 7
1997 Subd. 8 Repealed 1997 c 107 s 19
256B.17 TRANSFERS OF PROPERTY.
Subd. 7.Exception for asset transfers.
An institutionalized spouse, institutionalized before October 1, 1989, for a continuous period, who applies for medical assistance on or after July 1, 1983, may transfer liquid assets to a noninstitutionalized spouse if all of the following conditions apply:
(a) The noninstitutionalized spouse is not applying for or receiving assistance;
(b) Either (1) the noninstitutionalized spouse has less than $10,000 in liquid assets, including assets singly owned and 50 percent of assets owned jointly with the institutionalized spouse; or (2) the noninstitutionalized spouse has less than 50 percent of the total value of nonexempt assets owned by both parties, jointly or individually;
(c) The amount transferred, together with the noninstitutionalized spouse's own assets, totals no more than one-half of the total value of the liquid assets of the parties or $10,000 in liquid assets, whichever is greater; and
(d) The transfer may be effected only once, at the time of initial medical assistance application.
Ex1967 c 16 s 17; 1981 c 360 art 2 s 30; 1983 c 312 art 5 s 20-24; 1984 c 534 s 23; 1985 c 252 s 23; 1986 c 444; 1987 c 403 art 2 s 83,84; 1988 c 689 art 2 s 151,268; 1989 c 282 art 3 s 98; 1990 c 568 art 3 s 95,96; 1997 c 107 s 7