Minnesota Statutes 86B.875 – Inapplicable Liens and Security Interests
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The requirements of this chapter relating to security interests and certificate of title do not apply to or affect:
Terms Used In Minnesota Statutes 86B.875
- Lien: A claim against real or personal property in satisfaction of a debt.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
- Statute: A law passed by a legislature.
(1) a lien given by statute or rule of law to a supplier of services or materials for the watercraft while the watercraft is in the possession of the lienholder;
(2) a lien given by statute to the United States, this state, or a political subdivision of this state; or
(3) a security interest in a watercraft created by a manufacturer or dealer who holds the watercraft for sale.