Minnesota Statutes 507.0941 – Definitions
Terms Used In Minnesota Statutes 507.0941
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
For purposes of sections 507.0941 to 507.0948:
(a) “Document” means information that is:
(1) inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form; and
(2) eligible to be recorded in the land records maintained by the recorder or registrar.
(b) “Electronic” means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.
(c) “Electronic document” means a document that is received by the recorder or registrar in an electronic form.
(d) “Electronic Real Estate Recording Commission” and “commission” mean the commission established by sections 507.0941 to 507.0948.
(e) “Electronic signature” means an electronic sound, symbol, or process attached to or logically associated with a document and executed or adopted by a person with the intent to sign the document.
(f) “Legislative Coordinating Commission” means the commission established by section 3.303.
(g) “Paper document” means a document that a recorder or registrar receives in a form that is not an electronic document.
(h) “Person” means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.
(i) “Recorder” means the county recorder for the county in which a document is received.
(j) “Registrar” means the registrar of titles for the county in which a document is received.