Key: (1) language to be deleted (2) new language
Laws of Minnesota 1984
CHAPTER 479-H.F.No. 1149
An act relating to liens; providing a nonpossessory
lien on personal property; amending Minnesota Statutes
1982, section 514.18.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. Minnesota Statutes 1982, section 514.18, is
amended to read:
514.18 [RETAINING.]
Subdivision 1. [MECHANICS' LIEN ON PERSONAL PROPERTY;
PROPERTY IN POSSESSION.] Whoever, at the request of the owner or
legal possessor of any personal property, shall store or care
for or contribute in any of the modes mentioned in section
514.19 to its preservation, care, or to the enhancement of its
value, shall have a lien upon such property for the price or
value of such storage, care, or contribution, and for any legal
charges against the same paid by such person to any other
person, and the right to retain the property in his possession
until such lien is lawfully discharged; but a voluntary
surrender of possession shall extinguish the lien herein given.
Subd. 2. [NONPOSSESSORY LIEN; NOTICE.] Notwithstanding the
voluntary surrender or other loss of possession of the property
on which the lien is claimed, the person entitled thereto may
preserve the lien, if at any time within 60 days after the
surrender or loss of possession he gives notice of his lien by
filing in the appropriate filing office under the uniform
commercial code, Minnesota Statutes, section 336.9-401 a
verified statement and notice of his intention to claim a lien.
The statement shall contain a description of the property upon
which the lien is claimed, the work performed or materials
furnished and the amount due.
Subd. 3. [PRIORITY; SECURITY; INTEREST; FORECLOSURE.] The
lien shall be valid against everyone except a purchaser or
encumbrancer in good faith without notice and for value whose
rights were acquired prior to the filing of the lien statement
and who has filed a statement of his interest in the appropriate
filing office. The lien shall be considered a security interest
under the uniform commercial code and foreclosure thereon shall
be in the manner prescribed for security interests under article
9 of the uniform commercial code.
Subd. 4. [MOTOR VEHICLES EXCLUDED.] Subdivisions 2 and 3
shall apply to machinery, implements and tools of all kinds but
shall not apply to motor vehicles.
Approved April 25, 1984
Official Publication of the State of Minnesota
Revisor of Statutes