All sums assessed by the association of apartment owners but unpaid for the share of the common expenses chargeable to any apartment shall constitute a lien on such apartment prior to all other liens except only (i) tax liens on the apartment, including assessments for sewers, grading or paving of streets and other improvements thereof, in favor of the state of Minnesota or any taxing subdivision thereof, and (ii) all sums unpaid on the first mortgage of record. Such lien may be foreclosed by suit by the manager or board of directors, acting on behalf of the apartment owners, in like manner as a mortgage of real property. In any such foreclosure the apartment owner shall be required to pay a reasonable rental for the apartment, if so provided in the bylaws, and the plaintiff in such foreclosure shall be entitled to the appointment of a receiver to collect the same. The manager or board of directors, acting on behalf of the apartment owners, shall have power, unless prohibited by the declaration, to bid in the apartment at foreclosure sale, and to acquire and hold, lease, mortgage and convey the same. Suit to recover a money judgment for unpaid common expenses shall be maintainable without foreclosing or waiving the lien securing the same.
1963 c 457 s 23; 1965 c 602 s 4
Structure Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 515 — Minnesota Condominium Act
Section 515.04 — Status Of The Apartments.
Section 515.05 — Ownership Of Apartments.
Section 515.06 — Common Areas And Facilities.
Section 515.07 — Compliance With Covenants, Bylaws, And Rules.
Section 515.08 — Certain Work Prohibited.
Section 515.09 — Liens Against Apartments; Removal; Part Payment.
Section 515.10 — Common Profits And Expenses.
Section 515.11 — Contents Of Declaration.
Section 515.12 — Contents Of Deeds Of Apartments.
Section 515.13 — Copy Of The Floor Plans To Be Filed.
Section 515.14 — Blanket Mortgage Lien On Apartment When First Conveyed.
Section 515.16 — Removal From Provisions Of Sections 515.01 To 515.29.
Section 515.17 — Removal No Bar To Subsequent Resubmission.
Section 515.175 — Incorporation Of Association.
Section 515.19 — Contents Of Bylaws; Annual Meeting, Report.
Section 515.195 — When First Officers' Terms End; Contract Restrictions.
Section 515.20 — Record Of Receipts And Expenses Available To Owners.
Section 515.21 — Owner Abandonment, Waiver Of Use, Does Not Avert Liability.
Section 515.215 — Disclosure Requirements To Apartment Purchasers.
Section 515.22 — Separate Taxation.
Section 515.23 — Priority Of Lien.
Section 515.24 — Joint, Several Liability Of Buyer, Seller; Common Expense.
Section 515.26 — Disposition Of Property Where It Is Damaged By Fire Or Other Disaster.