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86B.855 SUSPENSION OR REVOCATION OF CERTIFICATE.
    Subdivision 1. Suspension or revocation. The commissioner shall suspend or revoke a
certificate of title upon notice and reasonable opportunity to be heard if authorized by law or if
the commissioner finds that:
(1) the certificate of title was fraudulently procured or erroneously issued; or
(2) the watercraft has been scrapped, dismantled, or destroyed.
    Subd. 2. Duties of owner. If the commissioner suspends or revokes a certificate of title, the
owner or person in possession of the certificate of title, immediately upon receiving notice of the
suspension or revocation, shall mail or deliver the certificate to the commissioner.
    Subd. 3. Seizure or impoundment. The commissioner may seize and impound a certificate
of title that has been suspended or revoked.
    Subd. 4. Subsequent good faith purchaser. Suspension or revocation of a certificate of title
does not affect the validity of a subsequent transfer to a purchaser relying in good faith on the
assignment of a suspended or revoked title if the certificate of title was not surrendered to or
seized by the commissioner under subdivisions 2 and 3, and the commissioner shall issue a new
certificate of title to an applicant who is a good faith purchaser for value in those circumstances.
History: 1989 c 335 art 1 s 229; 1990 c 391 art 10 s 3

Official Publication of the State of Minnesota
Revisor of Statutes