2007 Minnesota Statutes

515.23 PRIORITY OF LIEN.
All sums assessed by the association of apartment owners but unpaid for the share of the
common expenses chargeable to any apartment shall constitute a lien on such apartment prior to all
other liens except only (i) tax liens on the apartment, including assessments for sewers, grading or
paving of streets and other improvements thereof, in favor of the state of Minnesota or any taxing
subdivision thereof, and (ii) all sums unpaid on the first mortgage of record. Such lien may be
foreclosed by suit by the manager or board of directors, acting on behalf of the apartment owners,
in like manner as a mortgage of real property. In any such foreclosure the apartment owner shall
be required to pay a reasonable rental for the apartment, if so provided in the bylaws, and the
plaintiff in such foreclosure shall be entitled to the appointment of a receiver to collect the same.
The manager or board of directors, acting on behalf of the apartment owners, shall have power,
unless prohibited by the declaration, to bid in the apartment at foreclosure sale, and to acquire and
hold, lease, mortgage and convey the same. Suit to recover a money judgment for unpaid common
expenses shall be maintainable without foreclosing or waiving the lien securing the same.
History: 1963 c 457 s 23; 1965 c 602 s 4