Minnesota § 475.78 - PERFECTION OF PLEDGE; SECURITY INTERESTS
Full text of Minnesota Minnesota Statutes § 475.78 — PERFECTION OF PLEDGE; SECURITY INTERESTS, with citation guidance and answers to common questions.
§ 475.78. PERFECTION OF PLEDGE; SECURITY INTERESTS
Neither filing nor possession is required to perfect the security interest created by any pledge or appropriation of revenues or funds of the municipality, including any of its investments, to the payment of bonds issued by the municipality. Notwithstanding any contrary provision of law, article 9 of the Uniform Commercial Code does not apply to security interests created by a municipality or the state, except security interests in equipment and fixtures.
History:
1987 c 344 s 35; 2000 c 493 s 17
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 475.78
What does Minnesota Statutes § 475.78 cover?
Section 475.78 ("PERFECTION OF PLEDGE; SECURITY INTERESTS") 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 § 475.78?
A common citation format is "Minnesota Statutes § 475.78" (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 § 475.78 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.