Minnesota § 306.241 - DEPOSIT OF NET PROCEEDS FROM LOT RESALES
Full text of Minnesota Minnesota Statutes § 306.241 — DEPOSIT OF NET PROCEEDS FROM LOT RESALES, with citation guidance and answers to common questions.
§ 306.241. DEPOSIT OF NET PROCEEDS FROM LOT RESALES
The proceeds from the subsequent resale of lots or parcels the title to which has revested in the corporation under sections 306.21 to 306.24, or 306.242, less the costs and expenses incurred in proceedings approved by the district court, become a part of the permanent care and improvement fund of the corporation.
History:
1969 c 311 s 3; 1983 c 149 s 1; 1988 c 469 art 5 s 1
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 306.241
What does Minnesota Statutes § 306.241 cover?
Section 306.241 ("DEPOSIT OF NET PROCEEDS FROM LOT RESALES") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 306.241?
A common citation format is "Minnesota Statutes § 306.241" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 306.241 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.