MN SF2327

Clarifies receivership and assignment provisions in Minnesota law, including requirements for mortgagor rents and profits assignments that must be at least $100,000 or involve multi-unit residential property.

Establishes that receivers appointed under assignment of rents provisions are limited receivers, with court applying receivership chapter provisions to the extent consistent with assignment rules.

Authorizes use of a short form assignment for recording with a deed to transfer real property, which must include assignor and assignee identity, property legal description, assignment date, and statement that assignment was accepted.

Modifies receivership powers to clarify that general receivers may assert or release rights and claims of the respondent when authorized by court, and may operate businesses in ordinary course including hiring employees and appointing officers.

Updates provisions regarding real estate property recording, receiver authority to sell property, and termination of executory contracts with claims arising from breach filing deadlines.