Subdivision 1. Form of order; conclusiveness. At a hearing under section 501B.49, the court shall make an order it considers appropriate. If the petition is granted in whole or in part, the order must specify the real property to be sold, mortgaged, or leased and the terms and conditions on which the transaction is to be consummated. The order is final and conclusive as to all matters determined by it and binding in rem on all persons interested in the real property, whether their interests are vested or contingent, even though the person is a minor, incapacitated as defined in section 524.5-102, subdivision 6 or 10, or otherwise subject to conservatorship, unascertained, or not in being, except that appeal may be taken in the manner provided in the Rules of Appellate Procedure.
Subd. 2. Execution of order. (a) In the case of a petition under section 501B.46, all transactions required by the order must be executed by the trustee.
(b) In the case of a petition under section 501B.47, the court shall appoint a suitable person as receiver to act for the court in executing each transaction required by the order. Each required transaction must be executed by the receiver.
1989 c 340 art 1 s 43; 2004 c 146 art 3 s 36
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.