2007 Minnesota Statutes
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Chapter 580
Section 580.02
Recent History
- 2013 580.02 Amended 2013 c 115 s 1
- 2008 580.02 Amended 2008 c 341 art 5 s 6
This is an historical version of this statute chapter. Also view the most recent published version.
580.02 REQUISITES FOR FORECLOSURE.
To entitle any party to make such foreclosure, it is requisite:
(1) that some default in a condition of such mortgage has occurred, by which the power to
sell has become operative;
(2) that no action or proceeding has been instituted at law to recover the debt then remaining
secured by such mortgage, or any part thereof, or, if the action or proceeding has been instituted,
that the same has been discontinued, or that an execution upon the judgment rendered therein has
been returned unsatisfied, in whole or in part;
(3) that the mortgage has been recorded and, if it has been assigned, that all assignments
thereof have been recorded; provided, that, if the mortgage is upon registered land, it shall be
sufficient if the mortgage and all assignments thereof have been duly registered.
History: (9603) RL s 4458
To entitle any party to make such foreclosure, it is requisite:
(1) that some default in a condition of such mortgage has occurred, by which the power to
sell has become operative;
(2) that no action or proceeding has been instituted at law to recover the debt then remaining
secured by such mortgage, or any part thereof, or, if the action or proceeding has been instituted,
that the same has been discontinued, or that an execution upon the judgment rendered therein has
been returned unsatisfied, in whole or in part;
(3) that the mortgage has been recorded and, if it has been assigned, that all assignments
thereof have been recorded; provided, that, if the mortgage is upon registered land, it shall be
sufficient if the mortgage and all assignments thereof have been duly registered.
History: (9603) RL s 4458
Official Publication of the State of Minnesota
Revisor of Statutes