1999 Minnesota Statutes

     582.31 One action allowed to enforce agricultural 
  mortgage. 

    (a) For a mortgage on property used in agricultural 
 production entered into on or before March 22, 1986, the 
 mortgagee may only proceed to: 

    (1) obtain a personal judgment for the debt owed on the 
 note secured by the mortgage and execute on the judgment; or 

    (2) foreclose the mortgage and obtain a deficiency 
 judgment, if allowed. 

    (b) An action under paragraph (a), either clause (1) or 
 (2), bars an action under the other clause. 

    HIST: 1986 c 398 art 19 s 6