Minnesota § 507.236 - TRANSFER STATEMENT FOR CONTRACT FOR DEED
Full text of Minnesota Minnesota Statutes § 507.236 — TRANSFER STATEMENT FOR CONTRACT FOR DEED, with citation guidance and answers to common questions.
§ 507.236. TRANSFER STATEMENT FOR CONTRACT FOR DEED
Subdivision 1.Definition.
In this section, "transfer statement for a contract for deed" means a document that:
(1) is a transfer statement made in compliance with section 336.9-619(a); and
(2) transfers a seller's interest in an executory contract for the sale of real estate or of an interest in real estate that entitles the purchaser to possession of the real estate.
Subd. 2.Recording of statement.
A transferee under a transfer statement for a contract for deed is entitled to have the statement recorded as provided in section 336.9-619(b). Recording must be with the county recorder or registrar of titles in the county where the affected real estate is located.
Subd. 3.Effects of recording.
Subject to compliance with any applicable provisions of section 508.491 or 508A.491, recording a transfer statement for a contract for deed has the following effects:
(1) it transfers from the contract seller named as debtor in the statement to the transferee all title and interest of the contract seller in the real estate described in the statement;
(2) it has the same effect as an assignment and a deed from the contract seller to the transferee; and
(3) it is a conveyance within the meaning of section 507.34.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 507.236
What does Minnesota Statutes § 507.236 cover?
Section 507.236 ("TRANSFER STATEMENT FOR CONTRACT FOR DEED") 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 § 507.236?
A common citation format is "Minnesota Statutes § 507.236" (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 § 507.236 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.