Notwithstanding a contrary provision in the instrument creating the interests, when the ownership of real property situated in this state is divided into one or more possessory interests and one or more future interests, the owner of an interest may petition the district court for the county in which any of the real property is situated for an order directing that the real property or part of the real property be sold, mortgaged, or leased. If an owner is a minor or incapacitated person as defined in section 524.5-102, subdivision 6 or 10, or otherwise under conservatorship, the petition may be made on behalf of the owner by a custodian, conservator, or guardian.
1989 c 340 art 1 s 39; 2004 c 146 art 3 s 33
Structure Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 501B — Charitable Trusts
Section 501B.31 — Charitable Trusts.
Section 501B.32 — Private Foundations; Charitable Trusts; Split-interest Trusts.
Section 501B.34 — Charitable Trusts; Supervision By Attorney General.
Section 501B.35 — Definitions.
Section 501B.36 — Registration And Reporting.
Section 501B.37 — Register Of Trusts And Trustees.
Section 501B.38 — Information Filing.
Section 501B.39 — Public Inspection Of Records.
Section 501B.41 — Breach Of Trust; Proceedings To Secure Compliance.
Section 501B.42 — Contrary Provisions Of Instrument Invalid.
Section 501B.43 — Cost Of Investigations And Proceedings; Registration And Filing Fees.
Section 501B.44 — Immunity Of Charitable Trusts.
Section 501B.45 — Sale Of Banks Owned By Charitable Trusts.
Section 501B.46 — Petition For Court Order To Sell, Mortgage, Or Lease Real Property Held In Trust.
Section 501B.48 — When Petition May Be Granted.
Section 501B.49 — Notice Of Hearing.
Section 501B.51 — Order Upon Petition; Execution Of Transaction.
Section 501B.52 — Report Of Agreement For Confirmation.
Section 501B.53 — Order Of Confirmation; Contents And Subsequent Procedures; Distribution Of Assets.
Section 501B.54 — Legal Effect Of Deed, Mortgage, Or Lease Made Under Section 501b.53.