1998 Minnesota Statutes

     168A.14 New certificates issued, old certificates 
  surrendered. 

    Subdivision 1.    New certificate after assignment.  The 
 department, upon receipt of a properly assigned certificate of 
 title, with an application for a new certificate of title, the 
 required fees and taxes, and any other documents required by 
 law, shall issue a new certificate of title in the name of the 
 transferee as owner and list any secured party named on it and 
 mail it to the owner.  The secured party or parties shall be 
 issued a notification that the security interest has been filed. 

    Subd. 1a.    New certificate after security interest 
 filed.  The department, upon receipt of an affidavit as 
 provided in section 524.3-1201(a), an application for a new 
 certificate of title, and any required fee, shall issue a new 
 certificate of title in the name of the successor as owner, 
 listing any secured party on it.  The department shall mail the 
 certificate to the successor and shall issue any secured party a 
 notification that the security interest has been filed. 

    Subd. 2.    New certificate after nonvoluntary transfer. 
  The department, upon receipt of an application for a new 
 certificate of title by a transferee other than by voluntary 
 transfer, with proof of the transfer, the required fees and 
 taxes, and any other documents required by law, shall issue a 
 new certificate of title in the name of the transferee as 
 owner.  If the outstanding certificate of title is not delivered 
 to it, the department shall make demand therefor from the holder 
 thereof.  

    Subd. 3.    Surrendered certificate.  The department 
 shall file and retain for seven years every surrendered 
 certificate of title, the file to be maintained so as to permit 
 the tracing of title of the vehicle designated therein.  

    HIST: 1971 c 162 s 14; 1989 c 148 s 10; 1992 c 461 art 1 s 1