When the sale is for cash, if, after satisfying the mortgage debt, with costs and expenses, there is a surplus, it shall be brought into court for the benefit of the mortgagor or the person entitled thereto, subject to the order of the court. If such surplus remains in court for three months without being applied for, the judge may direct it to be put out at interest, subject to the order of the court, for the benefit of the persons entitled thereto, to be paid to them upon order of the court.
(9639) RL s 4491
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.