Minnesota Statutes > Chapter 514 > PERSONALTY IN POSSESSION
Current as of: 2023 | Check for updates
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§ 514.18 | Retaining |
§ 514.19 | Right of Detainer |
§ 514.20 | Sale |
§ 514.21 | Sale, When and Where Made; Notice |
§ 514.22 | Conduct of Sale |
Terms Used In Minnesota Statutes > Chapter 514 > PERSONALTY IN POSSESSION
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Personal property: All property that is not real property.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
- verified: when used in reference to writings, means supported by oath or affirmation. See Minnesota Statutes 645.45