HF 369

CHAPTER 121
EFFECTIVE DATE: August 1, 2005

Minnesota Common Interest Ownership Act amended.

Section 1: Applicability
Sec. 2: Definitions
Sec. 3: Local requirement applicability
Sec. 4: Eminent domain
Sec. 5: Recording
Sec. 6: Common interest community creation
Sec. 7: Unit boundaries
Sec. 8: Unit description
Sec. 9: Flexible common interest community declaration
Sec. 10: Declaration of flexible common interest communities modified.
Sec. 11: Interest allocation
Sec. 12: Common Interest Community Plat (CIC Plat)
Sec. 13: Flexible common interest community expansion provided.
Sec. 14: Unit combination language provided.
Sec. 15: Unit alteration modified.
Sec. 16: Amendment of declaration
Sec. 17: Common interest community termination
Sec. 18: Master associations
Sec. 19: Common interest community form change
Sec. 20: Severance of common interest community
Sec. 21: Unit owners' association organization
Sec. 22: Powers of unit owners' association modified.
Sec. 23: Board of directors regulations modified.
Sec. 24: Contract and lease termination regulations modified.
Sec. 25: Bylaws and annual report modified.
Sec. 26: Voting proxies modified.
Sec. 27: Common element conveyance or creation of security interests language provided.
Sec. 28: Insurance regulations modified.
Sec. 29: Surplus fund reserve requirements modified.
Sec. 30: Common expense assessment procedures modified.
Sec. 31: Assessment lien procedures modified.
Sec. 32: Lien regulations.
Sec. 33: Declarant duties modified.
Sec. 34: Disclosure statement applicability modified.
Sec. 35: Disclosure statement general provisions modified.
Sec. 36: Common interest community with building once occupied
Sec. 37: Purchaser's right to cancel
Sec. 38: Unit resale provided
Sec. 39: Purchaser's right to cancel resale regulations modified.
Sec. 40: Escrow deposit regulations modified.
Sec. 41: Conversion property regulations modified.
Sec. 42: Warranty statute of limitations modified.

AME
8-25-05