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222.18 Recording deed or mortgage.

Subdivision 1. Recording required; procedure; notice. A mortgage or deed of trust covering real property in whole or in part to secure a debt executed by a railroad, telegraph or telephone company shall be recorded with the secretary of state, and in the office of the county recorder of each county through which the railroad, telegraph or telephone line runs, or in which it may hold land. To secure the right of all parties interested under such mortgage or deed so executed and recorded, the personal property belonging or appertaining thereto shall be deemed a part of the line and, notwithstanding the provisions of the Uniform Commercial Code, the record of such mortgage or deed shall be notice of the rights of all parties in the real and personal property covered thereby.

Subd. 2. Mortgage previously recorded; notice. Any instrument described in subdivision 1 heretofore recorded as provided therein shall be deemed to have been validly recorded and to be notice of the rights of the parties thereto in the real and personal property covered thereby.

HIST: (7517) RL s 2906; 1945 c 250; 1965 c 812 s 2; 1976 c 181 s 2

Official Publication of the State of Minnesota
Revisor of Statutes