Minn. Stat. § 524.3-814

Current through 2024, c. 127
Section 524.3-814 - ENCUMBERED ASSETS

If any assets of the estate are encumbered by mortgage, pledge, lien, or other security interest, the personal representative may pay the encumbrance or any part thereof, renew or extend any obligation secured by the encumbrance or convey or transfer the assets to the creditor in satisfaction of the lien, in whole or in part, whether or not the holder of the encumbrance has filed a claim, if it appears to be for the best interest of the estate. Payment of an encumbrance does not increase the share of the distributee entitled to the encumbered assets unless the distributee is entitled to exoneration.

Minn. Stat. § 524.3-814

1975 c 347 s 58; 1986 c 444