559.216 APPLICATION OF CURATIVE PROVISIONS.
Subdivision 1.
Expiration periods. Upon expiration of the periods specified in this section,
the provisions of section
559.215 apply to a termination of a contract for the conveyance of real
property or an interest in real property subject to this section:
(1) as to section
559.215, clause (2), item (iv), and clause (3), five years after the last day
of the correct reinstatement period of the purchaser or the purchaser's personal representatives
or assigns; and
(2) as to all other provisions of section
559.215, one year after the last day of the
reinstatement period of the purchaser or the purchaser's personal representatives or assigns.
Subd. 2.
Pending and newly commenced actions. This section and section
559.215, as
enacted by Laws 1990, chapter 575, sections 8 and 9, do not affect any action or proceeding
pending on August 1, 1990, or commenced before February 1, 1991, involving the validity of the
termination or conveyance.
The amendments to this section and section
559.215 by Laws 1996, chapter 338, article 1,
shall not affect any action pending on August 1, 1996, or that is commenced before February 1,
1997, involving the validity of the termination or conveyance.
History: 1990 c 575 s 9; 1996 c 338 art 1 s 12