2005 Minnesota Statutes - 515.14 — Blanket mortgage lien on apartment when first conveyed.

     515.14 Blanket mortgage lien on apartment when first 
  conveyed.  


    At the time of the first conveyance of each apartment, 
 every mortgage and other lien affecting such apartment, 
 including the percentage of undivided interest of the apartment 
 in the common areas and facilities, shall be paid and satisfied 
 of record, or the apartment being conveyed and its percentage of 
 undivided interest in the common areas and facilities shall be 
 released therefrom by partial release duly recorded.  


    HIST: 1963 c 457 s 14