No conveyance absolute in form between parties sustaining the relation of mortgagor and mortgagee, whereby the mortgagor or the mortgagor's successor in interest conveys any right, title or interest in real property theretofore mortgaged, shall be presumed to have been given as further security, or as a new form of security, for the payment of any existing mortgage indebtedness, or any other indebtedness, or as security for any purpose.
Minn. Stat. § 559.18
CONVEYANCE BY MORTGAGOR TO MORTGAGEE.
Applied in 1 court decision — leading case Peterson v. Johnson (2006)
Most recently applied in Peterson v. Johnson (August 2006)
(9573) 1913 c 209 s 1; 1986 c 444
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.