1997 Minnesota Statutes

     583.284 Retention of purchase money security interest. 

    If a creditor has a purchase money security interest as 
 defined in section 336.9-107, and renegotiates the debt under 
 the farmer-lender mediation act to reduce the principal balance 
 or the interest rate or to extend the repayment period, the 
 creditor retains the purchase money security interest for the 
 renegotiated debt.  

    HIST: 1987 c 292 s 32 

*   NOTE:  This section is repealed effective July 1, 1997, by 
*Laws 1989, chapter 350, article 16, section 8, as amended by 
*Laws 1990, chapter 525, section 1; Laws 1991, chapter 208, 
*section 2; Laws 1993, First Special Session chapter 2, article 
*6, section 2; and Laws 1995, chapter 212, article 2, section 11.