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609.5319 Financial institution secured interest.

Property that is subject to a bona fide security interest, based upon a loan or other financing arranged by a bank, credit union, or any other financial institution, is subject to the interest of the bank, credit union, or other financial institution in any forfeiture proceeding that is based upon a violation of any provision of this chapter or the commission of any other criminal act. The security interest must be established by clear and convincing evidence.

HIST: 1996 c 408 art 11 s 7

Official Publication of the State of Minnesota
Revisor of Statutes