Loading chat...
MN SF2003
Bill
Status
2/27/2014
Primary Sponsor
Scott Newman
Click for details
AI Summary
-
Changes references to "husband and wife" to "spouses who are married to each other" throughout Minnesota real property statutes for gender-neutral language and clarity.
-
Expands definition of "property" and "interest in real property" in transfer on death deeds to explicitly include mortgages, deeds of trust, security interests, judgments, tax liens, and contracts for deed.
-
Clarifies that spouses may join in transfer on death deeds solely to convey or release marital interests, and adds provision that spouse consent constitutes conclusive proof of waiver of statutory and marital interests upon transfer.
-
Modifies revocation procedures for transfer on death deeds by removing requirement that last surviving joint tenant must execute revocation for it to be effective.
-
Changes mortgage redemption certificate recording deadline from "within four days after the expiration of the year" to "within four days after the expiration of the period allowed by law" for redemption.
Legislative Description
Ownership of real estate by spouses and mortgage redemption periods clarification and conformance; transfer on death deeds modification
Last Action
HF substituted on General Orders HF2188
4/2/2014