2007 Minnesota Statutes

508A.58 REGISTRATION AFTER FORECLOSURE; NEW CPT.
    Subdivision 1. Court order. Any person who has, by an action or other proceeding to
enforce or foreclose a mortgage, lien, or other charge upon land registered under sections 508A.01
to 508A.85, become the owner in fee of the land, or any part of it, may have the title registered.
Except as provided in subdivision 2, the person shall apply by duly verified petition to the court
for a new CPT to the land, and the court shall then, after due notice to all parties in interest and
upon the hearing as the court may direct, make an order for the issuance of a new CPT to the
person entitled thereto, and the registrar shall then enter a new CPT to the land, or of the part of it
to which the petitioner is entitled as in the case of a voluntary conveyance.
    Subd. 2. Examiner of titles directive. Any person who has become the owner in fee of land
registered under sections 508A.01 to 508A.85, or any part of the land, pursuant to a mortgage
foreclosure by action under chapter 581 is entitled to a new CPT for the land described in the
sheriff's certificate of sale or so much of the land as may be described in the CPT, after the
redemption period expires. The registrar shall enter a new CPT only pursuant to the court order
provided in subdivision 1 or upon the written directive of the examiner of titles as to the legal
sufficiency of the mortgage foreclosure proceeding. The directive of the examiner of titles also
must specify the instruments the registrar shall omit from the new CPT by virtue of the foreclosure.
History: 1982 c 396 s 51; 1986 c 444; 1992 c 463 s 21; 1999 c 11 art 1 s 57