The sale may be by public auction to the highest bidder for cash, upon published notice in the manner required for the sale of real property on execution. The notice shall state the terms of the sale; and if the property, or any part of it, is to be sold subject to a prior estate, charge, or specific lien, the notice shall so state. The terms of sale shall be made known at the time thereof, and, if the premises consist of distinct farms or lots, they shall be sold separately. The court may, if it be for the best interests of the owners of the property, order such property sold by private sale. If a private sale be ordered the real estate shall be appraised by two or more disinterested persons under order of the court, which appraisal shall be filed before the confirmation of the sale by the court. No real estate shall be sold at private sale for less than its value as fixed by such appraisal. The court may order sale of real estate for cash, part cash and a purchase money mortgage of not more than 50 percent of the purchase price, or on contract for deed.
(9540) RL s 4408; 1937 c 190 s 1
Structure Minnesota Statutes
Chapters 553 - 566 — Declaratory, Corrective And Administrative Remedies
Chapter 558 — Partition Of Real Property
Section 558.01 — Partition, Sale; Who May Bring Action.
Section 558.02 — Summons; Service.
Section 558.04 — Judgment For Partition; Referees.
Section 558.05 — Dispute Between Defendants No Defense.
Section 558.06 — Duty Of Referees; Report; Expenses.
Section 558.07 — Confirmation Of Report; Final Judgment.
Section 558.08 — Persons Not Affected.
Section 558.09 — Liens, How Affected.
Section 558.10 — Costs Apportioned.
Section 558.11 — Compensation Because Of Inequality.
Section 558.12 — Indivisible Property May Be Set Off; Occupancy Assigned.
Section 558.13 — Occupant Liable To Cotenants; Trespass.
Section 558.14 — Sale May Be Ordered.
Section 558.15 — Liens; New Parties; No Sale, When.
Section 558.16 — Proceeds, How Applied.
Section 558.17 — Sale Of Real Property Under Action For Partition; Notice.
Section 558.18 — Persons Prohibited From Purchasing.
Section 558.19 — Purchase By Part Owner.
Section 558.20 — Report Of Sale.
Section 558.21 — Final Judgment On Confirming Report.
Section 558.215 — Orders, Interlocutory Judgments; Appeals.
Section 558.22 — Claims To Proceeds, How Determined.
Section 558.23 — Record And Effect Of Conveyances.
Section 558.24 — Sale Of Part; Life Estate Or For Years.
Section 558.25 — Estate For Life Or Years, May Be Set Off Or Sold.
Section 558.26 — Sum In Lieu Of Estate; Investing Proceeds; Unknown Parties.
Section 558.27 — Future Estates.
Section 558.28 — Release Of Contingent Interest.
Section 558.29 — Investment Of Proceeds.
Section 558.30 — Share Of Infant, How Paid.