Minnesota § 365.025 - CONTRACTS; TIME PAYMENTS; PETITION ON BIG BUYS
Full text of Minnesota Minnesota Statutes § 365.025 — CONTRACTS; TIME PAYMENTS; PETITION ON BIG BUYS, with citation guidance and answers to common questions.
§ 365.025. CONTRACTS; TIME PAYMENTS; PETITION ON BIG BUYS
Subdivision 1.Board makes contracts.
Notwithstanding other law, a town board may enter into any contract it considers necessary or desirable to use any town power.
Subd. 2.May buy over five years.
The town may buy personal property on a conditional sales contract and real property on a contract for deed. The town must pay for the property within five years.
Subd. 3.Seller's remedy: recover property.
The seller's only remedy for nonpayment on a contract entered into under subdivision 2 is recovery of the property.
Subd. 4.Major purchases: notice, petition, election.
Before buying anything under subdivision 2 that costs more than 0.24177 percent of the estimated market value of the town, the town must follow this subdivision.
The town must publish in its official newspaper the board's resolution to pay for the property over time. Then a petition for an election on the contract may be filed with the clerk. The petition must be filed within ten days after the resolution is published. To require the election the petition must be signed by a number of voters equal to ten percent of the voters at the last regular town election. The contract then must be approved by a majority of those voting on the question. The question may be voted on at a regular or special election.
History:
1969 c 648 s 1; 1987 c 229 art 8 s 1; 1988 c 719 art 5 s 84; 1989 c 329 art 13 s 20; 1990 c 480 art 9 s 8; 2013 c 143 art 14 s 44
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 365.025
What does Minnesota Statutes § 365.025 cover?
Section 365.025 ("CONTRACTS; TIME PAYMENTS; PETITION ON BIG BUYS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 365.025?
A common citation format is "Minnesota Statutes § 365.025" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 365.025 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.