Minnesota § 550.366 - JUDGMENTS ON DEBTS RELATED TO AGRICULTURAL PROPERTY
Full text of Minnesota Minnesota Statutes § 550.366 — JUDGMENTS ON DEBTS RELATED TO AGRICULTURAL PROPERTY, with citation guidance and answers to common questions.
§ 550.366. JUDGMENTS ON DEBTS RELATED TO AGRICULTURAL PROPERTY
Subdivision 1.Definitions.
For purposes of this section, the following terms have the meanings given:
(1) "Agricultural property" means personal property that is used in a farm operation.
(2) "Farm debtor" means a person who has incurred debt while in the operation of a family farm, a family farm corporation, or an authorized farm corporation as defined in section 500.24, subdivision 2.
Subd. 2.Limits on execution.
A judgment for the unpaid balance of a debt on agricultural property owed by a farm debtor may not be executed upon real or personal property after three years from the date the judgment was entered.
Subd. 3.Attachment to newly acquired property.
A judgment for the unpaid balance of a debt on agricultural property owed by a farm debtor does not attach to real or personal property that is acquired by the farm debtor after the judgment is entered.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 550.366
What does Minnesota Statutes § 550.366 cover?
Section 550.366 ("JUDGMENTS ON DEBTS RELATED TO AGRICULTURAL PROPERTY") 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 § 550.366?
A common citation format is "Minnesota Statutes § 550.366" (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 § 550.366 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.