2006 Minnesota Statutes

256B.17 TRANSFERS OF PROPERTY.
    Subdivision 1.[Repealed, 1997 c 107 s 19]
    Subd. 2.[Repealed, 1997 c 107 s 19]
    Subd. 3.[Repealed, 1997 c 107 s 19]
    Subd. 4.[Repealed, 1997 c 107 s 19]
    Subd. 5.[Repealed, 1997 c 107 s 19]
    Subd. 6.[Repealed, 1997 c 107 s 19]
    Subd. 7. Exception for asset transfers. An institutionalized spouse, institutionalized
before October 1, 1989, for a continuous period, who applies for medical assistance on or after
July 1, 1983, may transfer liquid assets to a noninstitutionalized spouse if all of the following
conditions apply:
(a) The noninstitutionalized spouse is not applying for or receiving assistance;
(b) Either (1) the noninstitutionalized spouse has less than $10,000 in liquid assets, including
assets singly owned and 50 percent of assets owned jointly with the institutionalized spouse; or
(2) the noninstitutionalized spouse has less than 50 percent of the total value of nonexempt assets
owned by both parties, jointly or individually;
(c) The amount transferred, together with the noninstitutionalized spouse's own assets, totals
no more than one-half of the total value of the liquid assets of the parties or $10,000 in liquid
assets, whichever is greater; and
(d) The transfer may be effected only once, at the time of initial medical assistance
application.
    Subd. 8.[Repealed, 1997 c 107 s 19]
History: Ex1967 c 16 s 17; 1981 c 360 art 2 s 30; 1983 c 312 art 5 s 20-24; 1984 c 534 s 23;
1985 c 252 s 23; 1986 c 444; 1987 c 403 art 2 s 83,84; 1988 c 689 art 2 s 151,268; 1989 c 282 art
3 s 98; 1990 c 568 art 3 s 95,96; 1997 c 107 s 7