§ 256b-17

256B.17 TRANSFERS OF PROPERTY. Subdivision 1. [Repealed, 1997 c 107 s 19] Subd. 2. [Repealed, 1997 c 107 s 19] Subd. 3. [Repealed, 1997 c 107 s 19] Subd. 4. [Repealed, 1997 c 107 s 19] Subd. 5. [Repealed, 1997 c 107 s 19] Subd. 6. [Repealed, 1997 c 107 s 19] Subd. 7. Exception for asset transfers. An institutionalized spouse, institutionalized before October 1, 1989, for a continuous period, who applies for medical assistance on or after July 1, 1983, may transfer liquid assets to a noninstitutionalized spouse if all of the following conditions apply: (a) The noninstitutionalized spouse is not applying for or receiving assistance; (b) Either (1) the noninstitutionalized spouse has less than $10,000 in liquid assets, including assets singly owned and 50 percent of assets owned jointly with the institutionalized spouse; or (2) the noninstitutionalized spouse has less than 50 percent of the total value of nonexempt assets owned by both parties, jointly or individually; (c) The amount transferred, together with the noninstitutionalized spouse's own assets, totals no more than one-half of the total value of the liquid assets of the parties or $10,000 in liquid assets, whichever is

transferred, together with the noninstitutionalized spouse's own assets, totals no more than one-half of the total value of the liquid assets of the parties or $10,000 in liquid assets, whichever is greater; and (d) The transfer may be effected only once, at the time of initial medical assistance application. Subd. 8. [Repealed, 1997 c 107 s 19] History: Ex1967 c 16 s 17; 1981 c 360 art 2 s 30; 1983 c 312 art 5 s 20-24; 1984 c 534 s 23; 1985 c 252 s 23; 1986 c 444; 1987 c 403 art 2 s 83,84; 1988 c 689 art 2 s 151,268; 1989 c 282 art 3 s 98; 1990 c 568 art 3 s 95,96; 1997 c 107 s 7