§ 510.01 — Homestead Defined; Exempt; Exception
Plain-Language Summary
Defines the homestead as the house and land a debtor owns and lives in, and makes it exempt from seizure or sale to satisfy most debts. Exceptions include debts for construction, repair, or improvement of the home, debts for labor or services, and obligations under section 550.175.
510.01 HOMESTEAD DEFINED; EXEMPT; EXCEPTION.
The house owned and occupied by a debtor as the debtor’s dwelling place, together with the land upon which it is situated to the amount of area and value hereinafter limited and defined, shall constitute the homestead of such debtor and the debtor’s family, and be exempt from seizure or sale under legal process on account of any debt not lawfully charged thereon in writing, except such as are incurred for work or materials furnished in the construction, repair, or improvement of such homestead, or for services performed by laborers or servants and as is provided in section 550.175.
History:
(8336) RL s 3452; 1986 c 444; 1993 c 79 s 1
History: History: (8336) RL s 3452; 1986 c 444; 1993 c 79 s 1