REQUISITES — Minnesota Code § 577.12
Minnesota Code § 577.12 — REQUISITES. Reproduced from the official Minnesota Statutes, with a citation summary, verification link, and related provisions.
§ 577.12. REQUISITES
A person may execute a written assignment of property to one or more assignees for the benefit of creditors in conformity with the provisions of this chapter. Every assignment for the benefit of creditors subject to this chapter made by an assignor of the whole or any part of the assignor's property, real or personal, for the benefit of creditors, shall be: (1) to a person eligible to be a receiver under section 576.26, in writing, subscribed and acknowledged by the assignor, and (2) filed by the assignor or the assignee with the court administrator of the district court of the county in which the assignor, or one of the assignors if there is more than one, resides, or in which the principal place of business of an assignor engaged in business is located. The district court shall have supervision over the assignment property and of all proceedings under this chapter. The assignee shall be deemed to have submitted to the jurisdiction of the district court.
History:
2012 c 143 art 2 s 2; 2016 c 135 art 3 s 7
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
At a glance
- Citation: Minnesota Statutes § 577.12
- Jurisdiction: Minnesota
- Code: Minnesota Statutes
- Subject: REQUISITES
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Minnesota Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Minnesota attorney.
Common questions
What is the source of Minnesota Statutes § 577.12?
The text above is transcribed from the Minnesota Statutes, the codified statutes of Minnesota. The official publisher link appears under "Verify the text" on this page.
What subject does Minnesota Statutes § 577.12 address?
It addresses "REQUISITES". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Minnesota Statutes § 577.12 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Minnesota source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Minnesota law to your facts requires a licensed Minnesota attorney who can review the specifics.