Property that is subject to a bona fide security interest, based upon a loan or other financing arranged by a bank, credit union, or any other financial institution, is subject to the interest of the bank, credit union, or other financial institution in any forfeiture proceeding that is based upon a violation of any provision of this chapter or the commission of any other criminal act. The security interest must be established by clear and convincing evidence.
Minn. Stat. § 609.5319
FINANCIAL INSTITUTION SECURED INTEREST.
Known as the Criminal Code
The act spans §§ 609.01 to 609.912 (377 sections).
1996 c 408 art 11 s 7
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.