Minnesota § 514.221 - CREATION; PERFECTION; ENFORCEABILITY
Full text of Minnesota Minnesota Statutes § 514.221 — CREATION; PERFECTION; ENFORCEABILITY, with citation guidance and answers to common questions.
§ 514.221. CREATION; PERFECTION; ENFORCEABILITY
Subdivision 1.Lien created.
Upon compliance with the requirements of subdivision 2, any person who makes, alters, repairs, or otherwise enhances the value of any aircraft at the request of the owner or legal possessor, and who parts with possession of the aircraft, has a lien upon the aircraft for that person's reasonable or agreed charges and for work done or materials furnished.
Subd. 2.Perfection of lien.
A person claiming a lien created by this section shall, within 90 days after performing the work or furnishing the materials, file in the appropriate filing office under the Uniform Commercial Code, section 336.9-501, a verified statement and description of the aircraft and the work done or material furnished. The lien shall be in force from and after the date on which it is filed.
Subd. 3.Priority, foreclosure; limitation.
A lien created by this section is prior and paramount to all other liens upon the aircraft except those previously filed in the appropriate filing office. The lien shall be treated in all respects as a secured transaction under the Uniform Commercial Code, sections 336.9-501 to 336.9-628, except that:
(1) any foreclosure proceedings must be instituted within one year of the date the lien was filed; and
(2) the lien is subject to the rights of a purchaser of the aircraft in cases where the purchaser acquired the aircraft prior to the filing of the lien without knowledge or notice of the rights of the person performing the work or furnishing the material.
History:
1983 c 109 s 1; 1984 c 655 art 1 s 71; 2001 c 195 art 2 s 23,24
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 514.221
What does Minnesota Statutes § 514.221 cover?
Section 514.221 ("CREATION; PERFECTION; ENFORCEABILITY") 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 § 514.221?
A common citation format is "Minnesota Statutes § 514.221" (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 § 514.221 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.