There is a newer version of the Minnesota Statutes
2003 Minnesota Code
Chapters 570 - 583 Compensatory and Collection Remedies
Chapter 581 Mortgages; Foreclosure by Action
Section 581.05 Purchase by mortgagee.
581.05 Purchase by mortgagee.
The mortgagee, or any one claiming under the mortgagee, may fairly and in good faith bid off the premises at such sale; and in such case the statement of such fact in the report of sale shall have the same effect as a receipt for money paid upon a sale for cash.
HIST: (9638) RL s 4490; 1986 c 444
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
