2004 Minnesota Statutes

     168A.151 Salvage title; junking certificate. 

    Subdivision 1.    Salvage titles.  (a) When an insurer, 
 licensed to conduct business in Minnesota, acquires ownership of 
 a late-model or high-value vehicle through payment of damages, 
 the insurer shall immediately apply for a salvage certificate of 
 title or shall stamp the existing certificate of title with the 
 legend "SALVAGE CERTIFICATE OF TITLE" in a manner prescribed by 
 the department.  Within 48 hours of taking possession of a 
 vehicle through payment of damages, an insurer must notify the 
 department in a manner prescribed by the department. 

    (b) Any person who acquires a damaged motor vehicle with an 
 out-of-state title and the cost of repairs exceeds the value of 
 the damaged vehicle or a motor vehicle with an out-of-state 
 salvage title or certificate, as proof of ownership, shall 
 immediately apply for a salvage certificate of title.  A 
 self-insured owner of a late-model or high-value vehicle who 
 sustains damage by collision or other occurrence which exceeds 
 70 percent of its actual cash value shall immediately apply for 
 a salvage certificate of title. 

    Subd. 2. Repealed, 1993 c 93 s 20 

    Subd. 3. Repealed, 1993 c 93 s 20 

    Subd. 4.    Junking certificate required.  When a person 
 acquires ownership of a vehicle that is an unrepairable total 
 loss vehicle, the person shall surrender the assigned 
 certificate of title to the department and apply for a junking 
 certificate of title. 

    Subd. 5. Repealed, 1993 c 93 s 20 

    Subd. 6.    Authority under junking certificate.  A 
 junking certificate authorizes the holder only to possess and 
 transport the vehicle, except that a salvage pool or insurance 
 company, or its agent, may sell an unrepairable total loss 
 vehicle with a junking certificate to a licensed used parts 
 dealer. 

    HIST: 1988 c 496 s 19; 1989 c 342 s 14; 1993 c 93 s 9-11