Mehralian v. Riverview Tower Homeowners Ass'n

OPINION

RANDALL, Judge.

Appellant seeks a determination that he has a right to redeem shares of stock in a housing cooperative, after a foreclosure sale, under Minn.Stat. § 504.02, a statute dealing with redemption of real property. We affirm.

FACTS

Appellant Alex Mehralian occupies an apartment unit in Riverview Tower, a cooperative apartment complex. In December of 1986, he signed a purchase agreement with respondent Charles A. Beckman to buy 1472 shares of stock in Riverview Tower Homeowners Association (“Riverview”), a Minnesota cooperative association, and to obtain the appurtenant occupancy…