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.
501B.47 PETITION BY OWNER OF PRESENT OR FUTURE INTEREST FOR COURT
ORDER TO SELL, MORTGAGE, OR LEASE INTERESTS IN REAL PROPERTY.
Notwithstanding a contrary provision in the instrument creating the interests, when the
ownership of real property situated in this state is divided into one or more possessory interests
and one or more future interests, the owner of an interest may petition the district court for the
county in which any of the real property is situated for an order directing that the real property or
part of the real property be sold, mortgaged, or leased. If an owner is a minor or incapacitated
person as defined in section 524.5-102, subdivision 6 or 10, or otherwise under conservatorship,
the petition may be made on behalf of the owner by a custodian, conservator, or guardian.
History: 1989 c 340 art 1 s 39; 2004 c 146 art 3 s 33
ORDER TO SELL, MORTGAGE, OR LEASE INTERESTS IN REAL PROPERTY.
Notwithstanding a contrary provision in the instrument creating the interests, when the
ownership of real property situated in this state is divided into one or more possessory interests
and one or more future interests, the owner of an interest may petition the district court for the
county in which any of the real property is situated for an order directing that the real property or
part of the real property be sold, mortgaged, or leased. If an owner is a minor or incapacitated
person as defined in section 524.5-102, subdivision 6 or 10, or otherwise under conservatorship,
the petition may be made on behalf of the owner by a custodian, conservator, or guardian.
History: 1989 c 340 art 1 s 39; 2004 c 146 art 3 s 33
Official Publication of the State of Minnesota
Revisor of Statutes