1997 Minnesota Statutes

     92.51 Taxation; redemption; special certificate. 

    State lands sold by the director become taxable.  A 
 description of the tract sold, with the name of the purchaser, 
 must be transmitted to the proper county auditor.  The auditor 
 must extend the land for taxation like other land.  Only the 
 interest in the land vested by the land sale certificate in its 
 holder may be sold for delinquent taxes.  Upon production to the 
 county treasurer of the tax certificate given upon tax sale, in 
 case the lands have not been redeemed, the tax purchaser has the 
 right to pay the principal and interest then in default upon the 
 land sale certificate as its assignee.  To redeem from a tax 
 sale, the person redeeming must pay the county treasurer, for 
 the holder and owner of the tax sale certificate, in addition to 
 all sums required to be paid in other cases, all amounts paid by 
 the holder and owner for interest and principal upon the land 
 sale certificate, with interest at 12 percent per year.  When 
 the director receives the tax certificate with the county 
 auditor's certificate of the expiration of the time for 
 redemption, and the county treasurer's receipt for all 
 delinquent interest and penalty on the land sale certificate, 
 the director shall issue the holder and owner of the tax 
 certificate a special certificate with the same terms and the 
 same effect as the original land sale certificate. 

    HIST: (6323) RL s 2439; 1909 c 114 s 1; 1985 c 265 art 3 s 1; 
 1986 c 444