Minnesota Statutes
Minn. Stat. § 86B.880 (2026)
Security Interests
✓ current as of May 2026
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§
Subdivision 1.Validity.
Unless excepted by section 86B.875, a security interest in a titled watercraft is not valid against creditors of the owner or subsequent transferees or secured parties of the watercraft unless perfected as provided in this chapter.
§
Subd. 2.Perfection.
A security interest is perfected by the delivery to the commissioner of the existing certificate of title, if any, or an application for a certificate of title, containing the name and address of the secured party, the date of the security agreement, and the required fee. A security interest is perfected as of the time of the delivery. The method provided in this chapter is exclusive.
Notes of Decisions
Cited in 1
case, 1995–1995 · leading case: Hampton Bank v. River City Yachts, Inc., 528 N.W.2d 880 (Minn. Ct. App. 1995).
Hampton Bank v. River City Yachts, Inc., 528 N.W.2d 880 (Minn. Ct. App. 1995). “§§ 86B.880, 336.9-302(3)(b). A security interest created by a dealer holding the watercraft for sale, however, is excepted from this requirement; rather, the dealer’s secured party perfects a security interest by filing a financing statement with the secretary of state.”
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