Minnesota Statutes 86B.820 – Definitions
Subd. 2.Commissioner.
Terms Used In Minnesota Statutes 86B.820
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- 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
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 86B.820
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- 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
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
“Commissioner” means the commissioner of natural resources.
Subd. 3.Dealer.
“Dealer” means a person who: (1) is in the business of manufacturing, distributing, selling, or purchasing new or used watercraft; (2) has an established place of business for the sale, trade, and display of watercraft; and (3) possesses watercraft for the purpose of sale or trade.
Subd. 4.Department.
“Department” means the Department of Natural Resources.
Subd. 5.Deputy registrar.
“Deputy registrar” means a person appointed or hired by the commissioner of public safety under section 168.33.
Subd. 6.Manufacturer.
“Manufacturer” means a person engaged in the business of constructing or assembling watercraft required to have a certificate of title.
Subd. 7.Manufacturer’s or importer’s certificate of origin.
“Manufacturer’s or importer’s certificate of origin” means a certificate with the authorized signature of the manufacturer or importer of a watercraft, describing and identifying the watercraft, giving the name and address of the person to whom the watercraft is first sold by the manufacturer or importer, and containing executed assignments of the watercraft to an applicant for a certificate of title on the watercraft in this state.
Subd. 8.Owner.
“Owner” means a person, other than a secured party, having the title to a watercraft. “Owner” includes a person entitled to use or possess the watercraft, subject to a security interest in another person, reserved or created by agreement and securing payment of performance of an obligation, but “owner” does not include a lessee under a lease not intended as security.
Subd. 9.Person.
“Person” means an individual, firm, partnership, association, corporation, or governmental organization.
Subd. 10.Secured party.
“Secured party” means a secured party as defined in section 336.9-102(a)(73), having a security interest in a watercraft and includes a lienholder.
Subd. 11.Security agreement.
“Security agreement” has the meaning given it in section 336.9-102(a)(74).
Subd. 12.Security interest.
“Security interest” has the meaning given it in section 336.1-201(b)(35), and includes statutory liens for which lien statements are filed.
Subd. 13.Titled watercraft.
“Titled watercraft” means a watercraft required to have a certificate of title under section 86B.825, subdivision 1; a watercraft for which a certificate of title has been issued under section 86B.825, subdivision 3; or a watercraft previously issued a certificate of title or similar document from another jurisdiction.
Subd. 14.Watercraft.
“Watercraft” means a device used or designed for navigation on water that is greater than 16 feet in length, as defined in section 86B.005, subdivision 6, but does not include:
(1) a row-type fishing boat of single hull construction, with oar locks and an outboard motor capacity rating of less than 40 horsepower;
(2) a canoe;
(3) a kayak;
(4) a rowing shell or scull;
(5) a ship’s lifeboat;
(6) a vessel of at least five net tons measured in Title 46 of the Code of Federal Regulations, Part 69, that is documented under Code of Federal Regulations, title 46, subpart 67.01; or
(7) a seaplane.
Subd. 15.Waters of this state.
“Waters of this state” means waters capable of substantial public use and waters to which the public has access, that are within the territorial limits of this state, including boundary waters.