1.1 	A bill for an act
1.2 	relating to commerce; regulating statutory housing warranties; clarifying the 
1.3 	legislature's intent that the warranties remain unaffected by corporate dissolution; 
1.4 	amending Minnesota Statutes 2004, sections 302A.781, by adding a subdivision; 
1.5 	322B.863, by adding a subdivision; 327A.02, by adding a subdivision.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. Minnesota Statutes 2004, section 302A.781, is amended by adding a 
1.8 	subdivision to read:
1.9 		Subd. 4.Statutory homeowner warranty claims preserved.  The statutory 
1.10 	warranties provided under section 327A.02 are not affected by a dissolution under this 
1.11 	chapter.

1.12 	Sec. 2. Minnesota Statutes 2004, section 322B.863, is amended by adding a 
1.13 	subdivision to read:
1.14 		Subd. 4.Statutory homeowner warranty claims preserved.  The statutory 
1.15 	warranties provided under section 327A.02 are not affected by a dissolution under this 
1.16 	chapter.

1.17 	Sec. 3. Minnesota Statutes 2004, section 327A.02, is amended by adding a subdivision 
1.18 	to read:
1.19 		Subd. 2a. Remedies unaffected by corporate dissolution.  The statutory 
1.20 	warranties provided in this section are not affected by the dissolution of a vendor or home 
1.21 	improvement contractor that is a corporation or limited liability company.

2.1 	EFFECTIVE DATE.  This section is effective retroactive to the effective dates of 
2.2 	Minnesota Statutes, section 327A.02, subdivisions 1 and 3, and is intended to clarify the 
2.3 	intent of the legislature in enacting those subdivisions.