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.
576.10 ADDITIONAL PROPERTY; RECEIVER TO TAKE POSSESSION.
The receiver, after filing a petition, may be authorized and directed to take possession of any
additional property, including a business concern, within or without the state which belongs to
such absentee and to demand and collect all debts due the absentee from any person within or
without the state and hold the same as if it had been transferred and delivered to the receiver by
the officer. The receiver, after filing a petition, may also be authorized and directed to exercise
any rights under a life insurance policy or an annuity contract which the absentee could have
exercised, including, but not limited to, the right to borrow against it, surrender it for its cash
surrender value, or continue it in force by payment of premiums.
History: (8080-7) 1925 c 262 s 7; 1947 c 165 s 2; 1974 c 447 s 8; 1986 c 444
The receiver, after filing a petition, may be authorized and directed to take possession of any
additional property, including a business concern, within or without the state which belongs to
such absentee and to demand and collect all debts due the absentee from any person within or
without the state and hold the same as if it had been transferred and delivered to the receiver by
the officer. The receiver, after filing a petition, may also be authorized and directed to exercise
any rights under a life insurance policy or an annuity contract which the absentee could have
exercised, including, but not limited to, the right to borrow against it, surrender it for its cash
surrender value, or continue it in force by payment of premiums.
History: (8080-7) 1925 c 262 s 7; 1947 c 165 s 2; 1974 c 447 s 8; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes