Section 581.05 Purchase by Mortgagee
581.05 PURCHASE BY MORTGAGEE.
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.
History:
(9638) RL s 4490; 1986 c 444