1998 Minnesota Statutes

     508A.421 Surrender of duplicate; exchange CPT. 

    Subdivision 1.    Surrender; reissuance.  The owner or 
 owners of registered land may surrender their owners' duplicate 
 CPT and the registrar of titles may then issue to them a new CPT 
 free from the memorials of all interests which have terminated.  

    Subd. 2.    Multiple parcels or interests.  The owner or 
 owners of registered land holding (1) one CPT for two or more 
 parcels of land or (2) one CPT for undivided interests in one or 
 more parcels of land may surrender the owner's duplicate CPT for 
 the land and thereupon the registrar may issue separate CPTs to 
 each owner or for each parcel or any combination thereof as may 
 be desired consistent with their registered interests, provided 
 a registered land survey is not required by section 508A.47. 
 When the registrar of titles has issued more than one CPT to one 
 or more owners for one or more parcels of land, the owner or 
 owners may surrender the owner's duplicate CPT for the land and 
 thereupon the registrar may issue a single CPT for all of the 
 land to the owner or owners of the land, or the registrar may 
 issue two or more CPTs to the owner or owners of the land or for 
 each parcel or any combination thereof as may be desired 
 consistent with their registered interests, provided a 
 registered land survey is not required by section 508A.47.  

    Subd. 3.    Exchange CPT designation.  A CPT issued 
 pursuant to this section shall be known as an exchange CPT.  

    HIST: 1983 c 92 s 28