Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
270C.7103 REDEMPTION OF PROPERTY.
Subdivision 1. Before sale. Any person whose property has been levied upon shall have
the right to pay the amount due, together with the expenses of the proceeding, if any, to the
commissioner at any time prior to the sale thereof, and upon payment the commissioner shall
restore the property to the person, and all further proceedings in connection with the levy on the
property shall cease from the time of payment.
Subd. 2. Redemption of real estate after sale. The owners of any real property sold
as provided in this section, their heirs, executors, or administrators, or any person having any
interest therein, or a lien thereon, or any person in their behalf, shall be permitted to redeem the
property sold, or any particular tract of the property, at any time within six months, or in case
the real property sold exceeds ten acres in size, at any time within 12 months, after the sale
thereof. The property or tract of property shall be permitted to be redeemed upon payment to the
purchaser (or if not found in the county in which the property to be redeemed is situated, then to
the commissioner, for the use of the purchaser, or the purchaser's heirs or assigns) of the amount
paid by the purchaser together with interest at the rate of 20 percent per annum.
Subd. 3. Record. When any lands sold are redeemed as provided in this section, the
commissioner shall cause entry of the fact to be made upon the record required by section
270C.7106 and the entry shall be evidence of the redemption.
History: 2005 c 151 art 1 s 79
Subdivision 1. Before sale. Any person whose property has been levied upon shall have
the right to pay the amount due, together with the expenses of the proceeding, if any, to the
commissioner at any time prior to the sale thereof, and upon payment the commissioner shall
restore the property to the person, and all further proceedings in connection with the levy on the
property shall cease from the time of payment.
Subd. 2. Redemption of real estate after sale. The owners of any real property sold
as provided in this section, their heirs, executors, or administrators, or any person having any
interest therein, or a lien thereon, or any person in their behalf, shall be permitted to redeem the
property sold, or any particular tract of the property, at any time within six months, or in case
the real property sold exceeds ten acres in size, at any time within 12 months, after the sale
thereof. The property or tract of property shall be permitted to be redeemed upon payment to the
purchaser (or if not found in the county in which the property to be redeemed is situated, then to
the commissioner, for the use of the purchaser, or the purchaser's heirs or assigns) of the amount
paid by the purchaser together with interest at the rate of 20 percent per annum.
Subd. 3. Record. When any lands sold are redeemed as provided in this section, the
commissioner shall cause entry of the fact to be made upon the record required by section
270C.7106 and the entry shall be evidence of the redemption.
History: 2005 c 151 art 1 s 79
Official Publication of the State of Minnesota
Revisor of Statutes