Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
116R.07 PLEDGES.
Any pledge made by the commissioner is valid and binding from the time the pledge is
made. The money or property pledged and later received by the commissioner is immediately
subject to the lien of the pledge without any physical delivery of the property or money or further
act, and the lien of any pledge is valid and binding as against all parties having claims of any
kind in tort, contract, or otherwise against the commissioner, whether or not those parties have
notice of the lien or pledge. Neither the order nor any other instrument by which a pledge is
created need be recorded.
History: 1991 c 350 art 1 s 7
Any pledge made by the commissioner is valid and binding from the time the pledge is
made. The money or property pledged and later received by the commissioner is immediately
subject to the lien of the pledge without any physical delivery of the property or money or further
act, and the lien of any pledge is valid and binding as against all parties having claims of any
kind in tort, contract, or otherwise against the commissioner, whether or not those parties have
notice of the lien or pledge. Neither the order nor any other instrument by which a pledge is
created need be recorded.
History: 1991 c 350 art 1 s 7
Official Publication of the State of Minnesota
Revisor of Statutes