If redemption is made by the owner of the property sold, the owner's heirs, personal representatives or assigns, such redemption annuls the sale; if by a creditor holding a lien on the property, or some part thereof, the certificate of redemption, executed, acknowledged, and recorded as provided in section 580.26 , operates as an assignment to the creditor of the right acquired under such sale, subject to such right of any other person to redeem as provided by law.
Minn. Stat. § 580.27
EFFECT OF REDEMPTION.
Applied in 2 court decisions — leading case Farmers & Merchants Bank of Preston v. Junge (1990)
Most recently applied in Seaver v. New Buffalo Auto Sales (In re Hecker) (August 2013)
(9630) RL s 4484; 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.