Subdivision 1. Applicant's right to changeover.
Any applicant holding a possessory estate in land as defined in section 508A.01, subdivision 3 , may apply for registration under sections 508A.01 to 508A.85 and, once qualified, may changeover from a CPT to a certificate of title pursuant to section 508A.85 .
Subd. 2. Application of CPTs.
Except as provided in subdivision 1, section 508.04, subdivision 1 , applies with equal force and effect to CPTs under sections 508A.01 to 508A.85 .