Subd. 1. Interest abolished.

The marital property interest in real property, as defined in section 518.003, subdivision 3b, that was owned by a person's former spouse is abolished effective July 1, 1990, as against the interest of a third person that is of record before January 1, 1989.

Subd. 2. Exceptions.

Subdivision 1 does not apply if:

1. (1) the marital property interest is determined under a decree of dissolution, legal separation, or annulment; or
2. (2) an action claiming the marital property interest is begun before July 1, 1990, and a notice is recorded within that period in the office of the county recorder or registrar of titles in the county where the property is located.