2003 Minnesota Statutes

     550.36 Stay of execution on money judgment. 

    Execution of a judgment for the payment of money only shall 
 be stayed for six months if, within ten days after the entry 
 thereof, the judgment debtor shall file with the court 
 administrator a bond, running to the judgment creditor, the 
 creditor's personal representatives and assigns, in double the 
 amount of the judgment, to be approved by the court, and 
 conditioned for the payment of the judgment, with interest 
 during the time for which the stay is granted.  Interest shall 
 be computed in the same manner and at the same rate provided for 
 interest on verdicts in section 549.09.  Within two days 
 thereafter notice that such bond has been filed, with a copy of 
 the same, shall be served on the judgment creditor, if the 
 creditor be a resident of the county, or upon the creditor's 
 agent or attorney, if the creditor has one, and the judgment 
 creditor may except to the sufficiency of the bond; and, upon 
 the creditor's application upon notice or order to show cause, 
 the court, if it find the bond insufficient, may order execution 
 to issue notwithstanding the same, unless the judgment debtor 
 give such further bond as it shall deem sufficient.  If the 
 condition of any such bond be not performed, the execution shall 
 issue for the amount of the judgment, with interest and costs, 
 against the judgment debtor and the sureties.  When an execution 
 issues against sureties the officer shall certify in the return 
 what amount, if any, was collected from them and the date 
 thereof.  If a stay be granted after execution issued, any levy 
 made thereon shall be released and the execution shall be 
 returned and the reason noted by the officer. 

    HIST: (9446) RL s 4316; 1979 c 105 s 2; 1979 c 289 s 5; 1986 c 
 444; 1Sp1986 c 3 art 1 s 82