Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
222.15 ROLLING STOCK; LIEN FOR PURCHASE MONEY.
In any contract for the purchase and sale of railroad equipment or rolling stock, whether
deliverable at once or at future stated times, by the terms of which the purchase money is to be
paid wholly or partly after such delivery, it may be agreed that the title to such property shall not
pass to the vendee until the purchase price shall have been fully paid, or that the vendor shall have
and retain a lien thereon for the unpaid purchase money, notwithstanding delivery thereof. The
term of credit for purchase money shall not exceed 15 years from the execution of the contract.
History: (7514) RL s 2903; 1921 c 206 s 1
In any contract for the purchase and sale of railroad equipment or rolling stock, whether
deliverable at once or at future stated times, by the terms of which the purchase money is to be
paid wholly or partly after such delivery, it may be agreed that the title to such property shall not
pass to the vendee until the purchase price shall have been fully paid, or that the vendor shall have
and retain a lien thereon for the unpaid purchase money, notwithstanding delivery thereof. The
term of credit for purchase money shall not exceed 15 years from the execution of the contract.
History: (7514) RL s 2903; 1921 c 206 s 1
Official Publication of the State of Minnesota
Revisor of Statutes