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.
86B.880 SECURITY INTERESTS.
Subdivision 1. Validity. Unless excepted by section 86B.875, a security interest in a titled
watercraft is not valid against creditors of the owner or subsequent transferees or secured parties
of the watercraft unless perfected as provided in this chapter.
Subd. 2. Perfection. A security interest is perfected by the delivery to the commissioner
of the existing certificate of title, if any, or an application for a certificate of title, containing
the name and address of the secured party, the date of the security agreement, and the required
fee. A security interest is perfected as of the time of the delivery. The method provided in this
chapter is exclusive.
History: 1989 c 335 art 1 s 234; 1990 c 391 art 10 s 3; 2001 c 195 art 1 s 1
Subdivision 1. Validity. Unless excepted by section 86B.875, a security interest in a titled
watercraft is not valid against creditors of the owner or subsequent transferees or secured parties
of the watercraft unless perfected as provided in this chapter.
Subd. 2. Perfection. A security interest is perfected by the delivery to the commissioner
of the existing certificate of title, if any, or an application for a certificate of title, containing
the name and address of the secured party, the date of the security agreement, and the required
fee. A security interest is perfected as of the time of the delivery. The method provided in this
chapter is exclusive.
History: 1989 c 335 art 1 s 234; 1990 c 391 art 10 s 3; 2001 c 195 art 1 s 1
Official Publication of the State of Minnesota
Revisor of Statutes