1998 Minnesota Statutes

     508.405 Transfer of owner's duplicate. 

    Subdivision 1.    Transfer.  Any lender, title company, 
 or person other than the fee simple owner or county registrar 
 holding an owner's duplicate certificate of title to Minnesota 
 real estate shall transfer the owner's duplicate certificate of 
 title to the fee simple owner of the real estate to which the 
 duplicate certificate pertains before August 1, 1987.  After 
 August 1, 1987, no person other than the fee simple owner or 
 county registrar may hold an owner's duplicate certificate of 
 title except for settlement processing. 

    Subd. 2.    Penalties.  If any holder fails to comply 
 with the requirements of subdivision 1, the registered owner may 
 apply to the district court for an order directing the holder 
 withholding the duplicate certificate of title to surrender it 
 at the expense of the holder. 

    HIST: 1987 c 336 s 44