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When buying or selling an all-terrain vehicle (ATV) in Minnesota, a Bill of Sale is an essential document that protects both parties involved in the transaction. This form serves as proof of the sale and provides important details about the ATV, including its make, model, year, and Vehicle Identification Number (VIN). The Bill of Sale also includes the names and addresses of the buyer and seller, ensuring that all parties are clearly identified. Additionally, it outlines the sale price and the date of the transaction, which can be crucial for tax purposes and registration. Completing this form accurately helps prevent disputes and provides a clear record of ownership transfer. By using the Minnesota ATV Bill of Sale form, both buyers and sellers can ensure a smooth and legal transaction, safeguarding their rights and interests in the process.
Form Example
Minnesota ATV Bill of Sale
This document serves as a legal record for the sale and purchase of an All-Terrain Vehicle (ATV) within the state of Minnesota. It fulfills the requirements set by Minnesota law and ensures the transaction is clear and binding for both the seller and buyer.
Please complete the following information accurately:
Date of Sale: ____________________
Seller's Information:
- Name: _______________________________________
- Address: _____________________________________
- City: ____________ State: MN Zip: ____________
- Phone Number: _______________________________
Buyer's Information:
- Name: _______________________________________
- Address: _____________________________________
- City: ____________ State: MN Zip: ____________
- Phone Number: _______________________________
ATV Details:
- Make: _______________ Model: _______________
- Year: _______________ Color: _______________
- VIN (Vehicle Identification Number): _______________
The purchase price of the ATV is $__________, to be paid by the buyer in the form of ___________________.
This bill of sale is executed under the truth that all information provided is accurate to the best of the parties' knowledge and by Minnesota law, particularly adhering to the registration and transfer requirements as stipulated. It represents a binding agreement between the seller and buyer regarding the described ATV's ownership transfer.
Signatures
Seller's Signature: ______________________ Date: ___________
Buyer's Signature: ______________________ Date: ___________
This document is advised to be kept in personal records by both parties and used for the registration of the ATV with the Minnesota Department of Natural Resources (DNR) or any relevant local authority.
File Specs
| Fact Name | Details |
|---|---|
| Purpose | The Minnesota ATV Bill of Sale form is used to document the sale or transfer of an all-terrain vehicle (ATV) in Minnesota. |
| Governing Law | This form is governed by Minnesota Statutes, Chapter 84.92, which pertains to off-road vehicles. |
| Required Information | The form requires details such as the buyer's and seller's names, addresses, and the ATV's identification number. |
| Signatures | Both the buyer and seller must sign the form to validate the transaction. |
| Notarization | Notarization is not required for the Minnesota ATV Bill of Sale, but it can add an extra layer of authenticity. |
| Record Keeping | It is advisable for both parties to keep a copy of the completed bill of sale for their records. |
| Transfer of Ownership | Completing the bill of sale facilitates the transfer of ownership and helps in registering the ATV with the state. |
| Sales Tax | The buyer may be responsible for paying sales tax on the purchase price of the ATV when registering it. |
| Vehicle Condition | While not mandatory, it is beneficial to include the condition of the ATV in the bill of sale. |
| Use of the Form | The form can be obtained from various sources, including the Minnesota Department of Natural Resources and legal websites. |
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