Minnesota § 578.10 CARE OF PROPERTY; LEASE; SALE; CONTROL OF BUSINESS

Minnesota Statutes

§ 578.10 — CARE OF PROPERTY; LEASE; SALE; CONTROL OF BUSINESS

Minnesota § 578.10

PartPOSTJUDGMENT REMEDIES; ALTERNATIVE DISPUTE RESOLUTION; BONDS

Ch. 578RECEIVERSHIP; ABSENTEES

This text of Minnesota § 578.10 (CARE OF PROPERTY; LEASE; SALE; CONTROL OF BUSINESS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 578.10 (2026).

Text

Subdivision 1.Order for care of property.
The court may make orders for the care, custody, leasing, and investing of all property and its proceeds in the possession of the receiver. If any of the property consists of assets subject to likely rapid decline in value or live animals or is perishable or cannot be kept without a great or disproportionate expense, the court may, after the return of the warrant, order such property to be sold at public or private sale. After the appointment of a receiver, upon the receiver's petition and after notice, the court may order all or part of the property, including the rights of the absentee in land, to be sold at public or private sale to supply money for payments authorized by sections578.02to578.21, to preserve value, or for reinvestment approved b

Free access — add to your briefcase to read the full text and ask questions with AI

Subdivision 1.Order for care of property.
The court may make orders for the care, custody, leasing, and investing of all property and its proceeds in the possession of the receiver. If any of the property consists of assets subject to likely rapid decline in value or live animals or is perishable or cannot be kept without a great or disproportionate expense, the court may, after the return of the warrant, order such property to be sold at public or private sale. After the appointment of a receiver, upon the receiver's petition and after notice, the court may order all or part of the property, including the rights of the absentee in land, to be sold at public or private sale to supply money for payments authorized by sections578.02to578.21, to preserve value, or for reinvestment approved by the court.

Subd. 2.Absentee business.
The court may make orders for the management of an absentee's business in possession of the receiver. The court may authorize the receiver or person designated by the receiver to operate the business in conformance with sound business practice. Upon the receiver's petition and after notice, the court may authorize the sale of the business to supply money for payments authorized by sections578.02to578.21, to preserve value, or for reinvestment approved by the court.