(a) A nonpossessory lien on a titled watercraft is not perfected unless a lien statement is filed with the commissioner.

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Terms Used In Minnesota Statutes 86B.915

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Statute: A law passed by a legislature.

(b) The lien statement must include:

(1) the watercraft owner’s name and address;

(2) the statute under which the lien is taken;

(3) the name and address of the lienholder; and

(4) the title number of the watercraft.

(c) The commissioner shall note the time and date of filing the lien statement.