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501B.51 ORDER UPON PETITION; EXECUTION OF TRANSACTION.
    Subdivision 1. Form of order; conclusiveness. At a hearing under section 501B.49, the
court shall make an order it considers appropriate. If the petition is granted in whole or in part,
the order must specify the real property to be sold, mortgaged, or leased and the terms and
conditions on which the transaction is to be consummated. The order is final and conclusive as
to all matters determined by it and binding in rem on all persons interested in the real property,
whether their interests are vested or contingent, even though the person is a minor, incapacitated
as defined in section 524.5-102, subdivision 6 or 10, or otherwise subject to conservatorship,
unascertained, or not in being, except that appeal may be taken in the manner provided in the
Rules of Appellate Procedure.
    Subd. 2. Execution of order. (a) In the case of a petition under section 501B.46, all
transactions required by the order must be executed by the trustee.
(b) In the case of a petition under section 501B.47, the court shall appoint a suitable person
as receiver to act for the court in executing each transaction required by the order. Each required
transaction must be executed by the receiver.
History: 1989 c 340 art 1 s 43; 2004 c 146 art 3 s 36

Official Publication of the State of Minnesota
Revisor of Statutes