At the time of the first conveyance of each apartment, every mortgage and other lien affecting such apartment, including the percentage of undivided interest of the apartment in the common areas and facilities, shall be paid and satisfied of record, or the apartment being conveyed and its percentage of undivided interest in the common areas and facilities shall be released therefrom by partial release duly recorded.
Minn. Stat. § 515.14
BLANKET MORTGAGE LIEN ON APARTMENT WHEN FIRST CONVEYED.
Known as the Minnesota Condominium Act
The act spans §§ 515–515 (32 sections).
1963 c 457 s 14
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.