Title Minnesota Statutes, Minnesota Statutes

513.06 SPECIFIC PERFORMANCE. Nothing in this chapter contained shall abridge the power of courts of equity to compel the specific performance of agreements in cases of part performance thereof. History: (8461) RL s 3489

513.07 LOGS; EXTENSION OF TIME OF PAYMENT FOR LABOR. Every agreement extending the time of payment for manual labor, performed or to be performed in cutting, hauling, banking, or driving logs, beyond the time of the completion of such labor, shall be void, unless such agreement, …

513.075 COHABITATION; PROPERTY AND FINANCIAL AGREEMENTS. If sexual relations between the parties are contemplated, a contract between a man and a woman who are living together in this state out of wedlock, or who are about to commence living together in this state out of wedlock,…

513.076 NECESSITY OF CONTRACT. Unless the individuals have executed a contract complying with the provisions of section 513.075, the courts of this state are without jurisdiction to hear and shall dismiss as contrary to public policy any claim by an individual to the earnings or …

513.08 VOID WHEN MADE TO DEFRAUD, EXCEPTION. Every conveyance of any estate or interest in lands, or the rents and profits thereof, and every charge upon lands, or upon the rents and profits thereof, made or created with the intent to defraud prior or subsequent purchasers for a …

513.09 PROVISION TO REVOKE, DETERMINE, OR ALTER; WHEN VOID. Every conveyance or charge of or upon any estate or interest in lands, containing any provision for the revocation, determination, or alteration of such estate or interest, or of any part thereof, at the will of the gran…

513.10 POWER OF REVOCATION, WHEN VALID. When a power to revoke a conveyance of any lands, or of the rents and profits thereof, and to reconvey the same, is given to any person other than the grantor in such conveyance, and such person thereafter conveys the same land, rents, or p…

513.11 PREMATURE CONVEYANCE. If a conveyance to a purchaser under either section 513.09 or 513.10 is made before the person making the same is entitled to execute power of revocation, it shall nevertheless be valid from the time the power of revocation actually vests in such pers…

513.33 CREDIT AGREEMENTS. § Subdivision 1.Definitions. For the purposes of this section, the following terms have the meanings given them: (1) "credit agreement" means an agreement to lend or forbear repayment of money, goods, or things in action, to otherwise extend credit, or t…

513.41 DEFINITIONS. As used in sections 513.41 to 513.51: (1) "Affiliate" means: (i) a person that directly or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person that holds the securit…

513.42 INSOLVENCY. (a) A debtor is insolvent if, at a fair valuation, the sum of the debtor's debts is greater than the sum of the debtor's assets. (b) A debtor that is generally not paying the debtor's debts as they become due other than as a result of a bona fide dispute is pre…

513.43 VALUE. (a) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of …

513.44 TRANSFER OR OBLIGATION VOIDABLE AS TO PRESENT OR FUTURE CREDITOR. (a) A transfer made or obligation incurred by a debtor is voidable as to a creditor, whether the creditor's claim arose before or after the transfer was made or the obligation was incurred, if the debtor mad…

513.45 TRANSFER OR OBLIGATION VOIDABLE AS TO PRESENT CREDITOR. (a) A transfer made or obligation incurred by a debtor is voidable as to a creditor whose claim arose before the transfer was made or the obligation was incurred if the debtor made the transfer or incurred the obligat…

513.46 WHEN TRANSFER IS MADE OR OBLIGATION IS INCURRED. For the purposes of sections 513.41 to 513.51: (1) a transfer is made: (i) with respect to an asset that is real property other than a fixture, but including the interest of a seller or purchaser under a contract for the sal…

513.47 REMEDIES OF CREDITOR. (a) In an action for relief against a transfer or obligation under sections 513.41 to 513.51, a creditor, subject to the limitations in section 513.48, may obtain: (1) avoidance of the transfer or obligation to the extent necessary to satisfy the cred…

513.48 DEFENSES, LIABILITY, AND PROTECTION OF TRANSFEREE OR OBLIGEE. (a) A transfer or obligation is not voidable under section 513.44, paragraph (a), clause (1), against a person that took in good faith and for a reasonably equivalent value given the debtor or against any subseq…

513.485 GOVERNING LAW. (a) In this section, the following rules determine a debtor's location: (1) A debtor who is an individual is located at the individual's principal residence. (2) A debtor that is an organization and has only one place of business is located at its place of …

513.49 APPLICATION TO SERIES ORGANIZATION. (a) In this section: (1) "Protected series" means an arrangement, however denominated, created by a series organization that, pursuant to the law under which the series organization is organized, has the characteristics set forth in clau…

513.495 RELATION TO ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT. Sections 513.41 to 513.51 modify, limit, or supersede the Electronic Signatures in Global and National Commerce Act, United States Code, title 15, section 7001 et seq., but do not modify, limit, or sup…

513.50 SUPPLEMENTARY PROVISIONS. Unless displaced by the provisions of sections 513.41 to 513.51, the principles of law and equity, including the law merchant and the law relating to principal and agent, estoppel, laches, fraud, misrepresentation, duress, coercion, mistake, insol…

513.51 SHORT TITLE. Sections 513.41 to 513.51, which was formerly cited as the Uniform Fraudulent Transfer Act, may be cited as the "Uniform Voidable Transactions Act." History: 1987 c 19 s 10; 2015 c 17 s 12

513.52 DEFINITIONS. § Subdivision 1.Scope. For purposes of sections 513.52 to 513.60, the terms defined in this section have the meanings given them. § Subd. 2.Prospective buyer. "Prospective buyer" means a person negotiating or offering to acquire for value legal or equitable ti…

513.53 APPLICABILITY. The seller disclosure requirements in sections 513.52 to 513.60 apply to the transfer of any interest in residential real estate, whether by sale, exchange, deed, contract for deed, lease with an option to purchase, or any other option. History: 2002 c 306 s…

513.54 EXCEPTIONS. The seller disclosure requirements in sections 513.52 to 513.60 do not apply to any of the following: (1) real property that is not residential real property; (2) a gratuitous transfer; (3) a transfer pursuant to a court order; (4) a transfer to a government or…

513.55 GENERAL DISCLOSURE REQUIREMENTS. § Subdivision 1.Contents. (a) Before signing an agreement to sell or transfer residential real property, the seller shall make a written disclosure to the prospective buyer. The disclosure must include all material facts of which the seller…

513.56 DISCLOSURE NOT REQUIRED. § Subdivision 1.General. Section 513.55 does not create a duty to disclose the fact that residential property: (1) is or was occupied by an owner or occupant who is or was suspected to be infected with human immunodeficiency virus or diagnosed with…

513.57 LIABILITY FOR ERROR, INACCURACY, OR OMISSION. § Subdivision 1.No liability. Unless the prospective buyer and seller agree to the contrary in writing, a seller is not liable for any error, inaccuracy, or omission of any information delivered under sections 513.52 to 513.60 …

513.58 AMENDMENT TO DISCLOSURE. § Subdivision 1.Notice. A seller must notify the prospective buyer in writing as soon as reasonably possible, but in any event before closing, if the seller learns that the seller's disclosure required by section 513.55 was inaccurate. § Subd. 2.Fa…

513.59 TRANSFER NOT INVALIDATED. A transfer subject to sections 513.52 to 513.60 is not invalidated solely because of the failure of any person to comply with a provision of those sections. This section does not prevent a court from ordering a rescission of the transfer. History:…

513.60 WAIVER. The written disclosure required under sections 513.52 to 513.60 may be waived if the seller and the prospective buyer agree in writing. Waiver of the disclosure required under sections 513.52 to 513.60 does not waive, limit, or abridge any obligation for seller dis…

513.61 RADON DISCLOSURE REQUIREMENTS. A seller of residential real property must comply with the radon disclosure requirements under section 144.496. History: 2013 c 43 s 31

513.73 DEFINITIONS. § Subdivision 1.Application. As used in sections 513.73 to 513.76, the following terms have the meanings given in this section. § Subd. 2.Transfer. "Transfer" means the sale, grant, gift, conveyance, assignment, inheritance, or other transfer of an ownership i…

513.74 PROHIBITION. A private transfer fee obligation recorded, filed, or entered into in this state on or after May 20, 2010, does not run with the title to real property and is not binding on or enforceable at law or in equity against any subsequent owner, purchaser, or mortgag…

513.75 LIABILITY FOR VIOLATION. A person who records or files or enters into an agreement imposing a private transfer fee obligation in the person's favor after May 20, 2010, shall be liable for (1) any and all damages resulting from the imposition of the transfer fee obligation …

513.76 NOTICE REQUIREMENTS FOR EXISTING TRANSFER FEE OBLIGATIONS. § Subdivision 1.Prior obligations. For a private transfer fee obligation imposed prior to May 20, 2010, the receiver of the fee shall record or file, prior to December 31, 2010, against the real property subject to…

513.80 RESIDENTIAL REAL ESTATE SERVICE AGREEMENTS; UNFAIR SERVICE AGREEMENTS. § Subdivision 1.Definitions. (a) For purposes of this section, the following terms have the meanings given. (b) "County recorder" has the meaning given in section 13.045, subdivision 1. (c) "Person" mea…