The mortgagee, or any one claiming under the mortgagee, may fairly and in good faith bid off the premises at such sale; and in such case the statement of such fact in the report of sale shall have the same effect as a receipt for money paid upon a sale for cash.
(9638) RL s 4490; 1986 c 444
Structure Minnesota Statutes
Chapters 570 - 583 — Postjudgment Remedies; Alternative Dispute Resolution; Bonds
Chapter 581 — Mortgages; Foreclosure By Action
Section 581.01 — Rules Governing.
Section 581.02 — Application, Certain Sections.
Section 581.03 — Judgment, Transcript.
Section 581.04 — Separate Tracts.
Section 581.05 — Purchase By Mortgagee.
Section 581.07 — Foreclosure For Installment; Dismissal, Stay.
Section 581.08 — Report Of Sale; Confirmation; Resale.
Section 581.09 — Satisfaction Of Judgment.
Section 581.10 — Redemption By Mortgagor, Creditor.