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.
550.16 LEVY ON PLEDGED OR MORTGAGED CHATTELS.
When personal property is pledged or mortgaged for the payment of money or the
performance of any contract or agreement, the right and interest of the pledgor or mortgagor in
such property may be sold on execution against the pledgor or mortgagor, and the purchaser shall
acquire all the pledgor's or mortgagor's right and interest therein, and be entitled to the possession
of such property, on complying with the terms and conditions of the pledge or mortgage.
History: (9301) 1913 c 63 s 1; 1955 c 220 s 1; 1986 c 444
When personal property is pledged or mortgaged for the payment of money or the
performance of any contract or agreement, the right and interest of the pledgor or mortgagor in
such property may be sold on execution against the pledgor or mortgagor, and the purchaser shall
acquire all the pledgor's or mortgagor's right and interest therein, and be entitled to the possession
of such property, on complying with the terms and conditions of the pledge or mortgage.
History: (9301) 1913 c 63 s 1; 1955 c 220 s 1; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes