US Laws, Codes, Statutes & Cases

     287.10 Prepayment of tax; evidence; notice. 

    A mortgage, or documents relating to its foreclosure, 
 assignment, or satisfaction, must not be recorded unless the tax 
 has been paid.  Except as provided in section 582.25, a document 
 or any record of the mortgage may not be received in evidence in 
 any court, and is not valid notice, unless the tax has been 
 paid.  If the tax is paid, an error in computation or 
 ascertainment of the amount does not affect the validity of the 
 mortgage or the record or foreclosure.  This section does not 
 apply to a mortgage that is exempt from the tax imposed under 
 section 287.035.  

    HIST: (2328) 1907 c 328 s 7; 1913 c 163 s 2; 1929 c 222 s 1; 
 1Sp1985 c 18 s 3; 1987 c 268 art 14 s 14; 1999 c 31 s 7 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.