US Laws, Codes, Statutes & Cases

     501B.47 Petition by owner of present or future interest 
  for court order to sell, mortgage, or lease interests in real 
  property. 

    Notwithstanding a contrary provision in the instrument 
 creating the interests, when the ownership of real property 
 situated in this state is divided into one or more possessory 
 interests and one or more future interests, the owner of an 
 interest may petition the district court for the county in which 
 any of the real property is situated for an order directing that 
 the real property or part of the real property be sold, 
 mortgaged, or leased.  If an owner is a minor or incapacitated 
 person as defined in section 524.5-102, subdivision 6 or 10, or 
 otherwise under conservatorship, the petition may be made on 
 behalf of the owner by a custodian, conservator, or guardian. 

    HIST: 1989 c 340 art 1 s 39; 2004 c 146 art 3 s 33 

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