1997 Minnesota Statutes

     168A.10 Transfer of interest by owner. 

    Subdivision 1.    Assignment and warranty of title; 
 mileage.  If an owner transfers interest in a vehicle other 
 than by the creation of a security interest, the owner shall at 
 the time of the delivery of the vehicle execute an assignment 
 and warranty of title to the transferee and shall state the 
 actual selling price in the space provided therefor on the 
 certificate.  With respect to motor vehicles subject to the 
 provisions of section 325E.15, the transferor shall also, in the 
 space provided therefor on the certificate, state the true 
 cumulative mileage registered on the odometer or that the actual 
 mileage is unknown if the odometer reading is known by the 
 transferor to be different from the true mileage.  The 
 transferor shall cause the certificate and assignment to be 
 delivered to the transferee immediately. 

    Subd. 2.    Application for new certificate.  Except as 
 provided in section 168A.11, the transferee shall, within ten 
 days after assignment to the transferee of the vehicle title 
 certificate, execute the application for a new certificate of 
 title in the space provided therefor on the certificate, and 
 cause the certificate of title to be mailed or delivered to the 
 department. 

    Subd. 3. Repealed by amendment, 1989 c 148 s 7 

    Subd. 4.    Notification of security interest.  If a 
 security interest is reserved or created at the time of the 
 transfer, a notification of security interest shall be delivered 
 or mailed to the person who becomes the secured party.  

    Subd. 5.    Compliance removes liability after delivery. 
  Except as provided in section 168A.11 and as between the 
 parties, a transfer by an owner is not effective until the 
 provisions of this section have been complied with; however, an 
 owner who has delivered possession of the vehicle to the 
 transferee and has complied, or within 48 hours after such 
 delivery does comply, with the provisions of this section 
 requiring action by the owner is not liable as owner for any 
 damages resulting from operation of the vehicle after the 
 delivery of the vehicle to the transferee. 

    Subd. 6. Repealed, 1997 c 135 s 4 

    HIST: 1971 c 162 s 10; 1977 c 105 s 3; 1986 c 444; 1988 c 647 
 s 11; 1989 c 148 s 7; 1990 c 480 art 4 s 1