Minnesota § 582.31 - ONE ACTION ALLOWED TO ENFORCE AGRICULTURAL MORTGAGE
Full text of Minnesota Minnesota Statutes § 582.31 — ONE ACTION ALLOWED TO ENFORCE AGRICULTURAL MORTGAGE, with citation guidance and answers to common questions.
§ 582.31. ONE ACTION ALLOWED TO ENFORCE AGRICULTURAL MORTGAGE
(a) For a mortgage on property used in agricultural production entered into on or before March 22, 1986, the mortgagee may only proceed to:
(1) obtain a personal judgment for the debt owed on the note secured by the mortgage and execute on the judgment; or
(2) foreclose the mortgage and obtain a deficiency judgment, if allowed.
(b) An action under paragraph (a), either clause (1) or (2), bars an action under the other clause.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 582.31
What does Minnesota Statutes § 582.31 cover?
Section 582.31 ("ONE ACTION ALLOWED TO ENFORCE AGRICULTURAL MORTGAGE") 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 § 582.31?
A common citation format is "Minnesota Statutes § 582.31" (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 § 582.31 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.