1997 Minnesota Statutes

     287.11 Mortgages recorded or registered prior to passage 
  of sections 287.01 to 287.12. 

    All mortgages of real estate recorded or registered prior 
 to the passage of sections 287.01 to 287.12 shall be taxable as 
 provided by law under the provisions of law relating thereto 
 prior to the enactment hereof; provided, that the holder of any 
 such mortgage may pay to the treasurer of the proper county, or 
 the state treasurer, or both, the tax therein prescribed upon 
 the amount of the debt secured by such mortgage at the time of 
 such payment as stated by the affidavit of the owner of such 
 mortgage, to be filed with the county treasurer, and have the 
 treasurer's receipt, countersigned by the auditor, endorsed 
 thereon.  The county recorder or secretary of state, as the case 
 may be, on presentation of such receipt, shall note on the 
 margin of the mortgage record the date and amount of such 
 payment.  Thereafter such mortgage debt shall not be otherwise 
 taxable. 

    HIST: (2329) 1907 c 328 s 8; 1913 c 163 s 3; 1965 c 51 s 56; 
 1976 c 181 s 2