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Subdivision 1.Definitions.
For purposes of this section, the following terms have the meanings given:
(1) "Agricultural property" means personal property that is used in a farm operation.
(2) "Farm debtor" means a person who has incurred debt while in the operation of a family farm, a family farm corporation, or an authorized farm corporation as defined in section 500.24, subdivision 2.
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Subd. 2.Limits on execution.
A judgment for the unpaid balance of a debt on agricultural property owed by a farm debtor may not be executed upon real or personal property after three years from the date the judgment was entered.
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Subd. 3.Attachment to newly acquired property.
A judgment for the unpaid balance of a debt on agricultural property owed by a farm debtor does not attach to real or personal property that is acquired by the farm debtor after the judgment is entered.
Notes of Decisions
Glacial Plains Coop. v. Hughes, 705 N.W.2d 195 (Minn. Ct. App. 2005).
· cites it 37× “The district court held that, because respondent was a farm debtor and the debts were incurred on agricultural property, respondent is entitled to the protections of Minn.Stat. § 550.366 (2004). On appeal, Glacial Plains argues that because respondent is now employed as a truck…”
Green v. Kellen, 921 N.W.2d 768 (Minn. Ct. App. 2018).
· cites it 38× “" Minn. Stat. § 550.366 , subd. 2. Kellen argues that we should construe the word debt broadly to encompass any and all debt, including judgment debt resulting from intentional torts.”
Westchester Fire Ins. Co. v. Hasbargen, 632 N.W.2d 754 (Minn. Ct. App. 2001).
· cites it 13× “Hasbargen argued that the judgment had expired after three years pursuant to Minn.Stat. 550.366, subd. 2 (2000), applicable to judgments for debts on agricultural property.”
Gregory T. Dyrdal v. James Wallenberg (2024).
· cites it 7× “, co- trustees of the Wallenberg Family Trust (the Trust), cannot enforce a money judgment because Minn. Stat. § 550.366 (2022) bars enforcing a judgment for the unpaid balance of a debt on agricultural property after three years from when the judgment was entered.”
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