2006 Minnesota Statutes

168A.14 NEW CERTIFICATES ISSUED, OLD CERTIFICATES SURRENDERED.
    Subdivision 1. New certificate after assignment. The department, upon receipt of a properly
assigned certificate of title, with an application for a new certificate of title, the required fees and
taxes, and any other documents required by law, shall issue a new certificate of title in the name of
the transferee as owner and list any secured party named on it and deliver it to the owner. The
secured party or parties must be issued a notification that the security interest has been filed.
    Subd. 1a. New certificate after security interest filed. The department, upon receipt of an
affidavit as provided in section 524.3-1201(a), an application for a new certificate of title, and any
required fee, shall issue a new certificate of title in the name of the successor as owner, listing any
secured party on it. The department shall deliver the certificate to the successor and shall issue
any secured party a notification that the security interest has been filed.
    Subd. 2. New certificate after nonvoluntary transfer. The department, upon receipt of an
application for a new certificate of title by a transferee other than by voluntary transfer, with proof
of the transfer, the required fees and taxes, and any other documents required by law, shall issue a
new certificate of title in the name of the transferee as owner.
    Subd. 3. Surrendered certificate. The department shall file and retain for seven years
every surrendered certificate of title, the file to be maintained so as to permit the tracing of title
of the vehicle.
History: 1971 c 162 s 14; 1989 c 148 s 10; 1992 c 461 art 1 s 1; 2000 c 426 s 20