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.
222.16 LEASE; CONDITIONAL SALE.
In any contract for the leasing of railroad equipment or rolling stock, the parties may
stipulate for a conditional sale thereof at the termination of such lease, that the rentals, as paid
or when paid in full, may be treated and applied as purchase money, and that the title to such
property shall not vest in the lessee or vendee until the purchase money shall have been fully
paid, subject to the proviso in section 222.15.
History: (7515) RL s 2904
In any contract for the leasing of railroad equipment or rolling stock, the parties may
stipulate for a conditional sale thereof at the termination of such lease, that the rentals, as paid
or when paid in full, may be treated and applied as purchase money, and that the title to such
property shall not vest in the lessee or vendee until the purchase money shall have been fully
paid, subject to the proviso in section 222.15.
History: (7515) RL s 2904
Official Publication of the State of Minnesota
Revisor of Statutes