Such person whose estate has been so sold shall be entitled to receive such sum in gross as may be deemed, upon principles of law applicable to annuities, a reasonable satisfaction therefor. That person's written consent to accept such sum in lieu of such estate, executed and acknowledged in the same manner as a conveyance, must be filed at or before the report of sale. If consent be not so given, the court shall direct that the whole proceeds of the sale of the property, or of the individual share thereof in which such estate may be, shall be deposited in court, and invested for the benefit of the person entitled to such estate during the period thereof; and, if any person entitled to any such estate is unknown, the court shall provide for the protection of the unknown person's rights in the same manner, so far as may be, as if that person were known and had appeared. In all cases the proper proportion of expenses of the proceedings shall be deducted from the proceeds of sale.
(9549) RL s 4417; 1986 c 444
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.