§ 508.60

In Re Collier · 2007 1 citation

. The mortgage instrument did state that the mortgage was subject to "unrecordéd leases,” but the court of appeals concluded that Midwest Federal could not gain actual notice from the reference because Minn. Stat. § 508.60 (2004) only requires leases of three years or more to appear on a certificate of title. 546 N.W.2d at 42-43. Even though the leases in question were for more than three years, the mortgage owner could reasonably conclude that the referenced leases were for less than three years, and therefore, the court held that Midwest Federal had no actual notice. Id.

Petition of alchemedes/brookwood, Ltd. · 1996 1 citation

+ 1 more citation in this opinion.