2004 Minnesota Statutes

     16B.285 Record of contracts for deed and assignments; 
  effect. 

    (a) A contract for deed issued for land sold according to 
 sections 16B.281 to 16B.287, or any assignment thereof, executed 
 and acknowledged as provided by law for the execution and 
 acknowledgment of deeds, may be recorded in the office of the 
 county recorder of any county in the state in the same manner 
 and with like effect as deeds are therein recorded.  The 
 contract for deed entitles the purchaser, or the heirs and 
 assigns of the purchaser, to the exclusive possession of the 
 land therein described, provided its terms have been in all 
 respects complied with, and the contract for deed and the record 
 thereof is conclusive evidence of title in the purchaser, or the 
 heirs and assigns of the purchaser, for all purposes and against 
 all persons, except the state of Minnesota in case of forfeiture.

    (b) When a contract for deed or partial interest in a 
 contract for deed is assigned, the assignment must be made on a 
 form provided by the commissioner, executed by the assignor and 
 assignee, and consented to by the commissioner.  An assignment 
 of a partial interest must state that payment to date has been 
 made to the commissioner. 

    (c) When the assignee satisfies the terms of the assignment 
 and corresponding terms of the contract for deed, the 
 commissioner shall issue a deed to the assignee. 

    HIST: 2004 c 262 art 1 s 6