Minn. Stat. § 576.24
Types of Receiverships
Minnesota · Minnesota Statutes Chapter 576 — Receivership · Status: effective
Cite this
- Citation
- Minn. Stat. § 576.24, Types of Receiverships, Minnesota, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1742452
- Permanent ID
ys:prov:1742452@1- SHA-256
d9782fdf061a03649a01dd3d18742689afd76d0d447a32d34532f328cd40d294
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A receivership may be either a limited receivership or a general receivership. Any receivership which is based upon the enforcement of an assignment of rents or leases, or the foreclosure of a mortgage lien, judgment lien, mechanic's lien, or other lien pursuant to which the respondent or any holder of a lien would have a statutory right of redemption, shall be a limited receivership. If the order appointing the receiver does not specify whether the receivership is a limited receivership or a general receivership, the receivership shall be a limited receivership unless and until the court by later order designates the receivership as a general receivership, notwithstanding that pursuant to section 576.25, subdivision 8, a receiver may have control over all the property of the respondent. At any time, the court may order a general receivership to be converted to a limited receivership and a limited receivership to be converted to a general receivership.