Minnesota § 551.03 - DEFINITIONS
Full text of Minnesota Minnesota Statutes § 551.03 — DEFINITIONS, with citation guidance and answers to common questions.
§ 551.03. DEFINITIONS
Subdivision 1.Scope.
For the purposes of this chapter, the terms defined in this section have the meanings given them.
Subd. 2.Judgment creditor.
"Judgment creditor" means a party who has a judgment for the recovery of money in the civil action whether that party is the plaintiff, defendant, or other party in the civil action and who is serving the execution levy.
Subd. 3.Judgment debtor.
"Judgment debtor" means a party against whom the judgment creditor has a judgment for the recovery of money in the civil action whether that party is the plaintiff, defendant, or other party in the civil action.
Subd. 4.Third party.
"Third party" means the person or entity upon whom the execution levy is served.
Subd. 5.Claim.
"Claim" means the unpaid balance of the creditor's judgment against the judgment debtor, including all lawful interest and costs incurred.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 551.03
What does Minnesota Statutes § 551.03 cover?
Section 551.03 ("DEFINITIONS") 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 § 551.03?
A common citation format is "Minnesota Statutes § 551.03" (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 § 551.03 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.