Section 550.38 — Veteran’s Pension, Bonus, Or Compensation.
550.38 VETERAN’S PENSION, BONUS, OR COMPENSATION. All moneys paid to any person as a veteran’s pension, bonus, adjusted compensation, allotment, or other benefit by the state of Minnesota or by the United States are exempt from, and shall not be liable to, attachment, garnishment, seizure, or sale on any final process issued out of any […]
Section 550.39 — Exemption Of Insurance Policies.
550.39 EXEMPTION OF INSURANCE POLICIES. The net amount payable to any insured or to any beneficiary under any policy of accident or disability insurance or under accident or disability clauses attached to any policy of life insurance shall be exempt and free and clear from the claims of all creditors of such insured or such […]
Section 550.41 — Levy On Property In Excess Of Exemption.
550.41 LEVY ON PROPERTY IN EXCESS OF EXEMPTION. When the officer holding an execution is of the opinion that the judgment debtor has more property of the classes specified in section 550.37 than is exempt the officer may levy upon the whole of any one class and make an inventory thereof and cause the same […]
Section 550.42 — Waiver Of Agricultural Debtor’s Rights.
550.42 WAIVER OF AGRICULTURAL DEBTOR’S RIGHTS. Subdivision 1. Waiver is void. (a) A waiver of statutory rights of a debtor in a contract, loan agreement, or security agreement as a condition for a loan of money for agricultural production is void unless the waiver is expressly authorized by law. (b) A waiver of mediation rights […]
Section 550.37 — Property Exempt.
550.37 PROPERTY EXEMPT. Subdivision 1. Exemption. The property mentioned in this section is not liable to attachment, garnishment, or sale on any final process, issued from any court. Subd. 2. Bible and musical instrument. The family Bible, library, and musical instruments. [See Note.] Subd. 3. Pew and burial lot. A seat or pew in any […]
Section 550.371 — Exemptions In Joint Bankruptcy.
550.371 EXEMPTIONS IN JOINT BANKRUPTCY. Subdivision 1. Applicable law. Except as provided in this section, the exemptions set forth in subsection (d) of section 522 of the Bankruptcy Act, United States Code, title 11, section 522(d), shall be available to residents of this state. Subd. 2. Joint petition. When a husband and wife are joined […]
Section 550.24 — Redemption Of Real Property.
550.24 REDEMPTION OF REAL PROPERTY. (a) Upon the sale of real property, if the estate sold is less than a leasehold of two years’ unexpired term, the sale is absolute. In all other cases the property sold, or any portion thereof which has been sold separately, is subject to redemption as provided in this section. […]
Section 550.26 — Redemption, How Made.
550.26 REDEMPTION, HOW MADE. The person desiring to redeem shall pay to the person holding the right acquired under such sale, or for the person to the sheriff or the court administrator of the district court of the county in which the real property is situated, the amount required by law for such redemption, and […]
Section 550.27 — Certificate Of Redemption; Effect Of Redemption.
550.27 CERTIFICATE OF REDEMPTION; EFFECT OF REDEMPTION. The person or officer from whom such redemption is made shall execute to the person redeeming a certificate in substantially the same form as the certificate required by law to be executed on redemption from a sale of real property under foreclosure of a mortgage by advertisement; and […]
Section 550.28 — Sale Irregular Or Judgment Reversed.
550.28 SALE IRREGULAR OR JUDGMENT REVERSED. If the purchaser of real property sold on execution, or the purchaser’s successor in interest, be evicted therefrom in consequence of irregularities in the proceedings concerning the sale, or of the reversal or discharge of the judgment, the purchaser or successor may recover from the judgment creditor the price […]