2E Relating to real property; modifying provisions under the Minnesota common interest ownership act; making clarifying, conforming and technical changes

ARTICLE 1 - APPLICABILITY, DEFINITIONS AND OTHER GENERAL PROVISIONS

Modifying certain provisions relating to applicability of common interest communities (CIC), definitions, eminent domain, unconscionable agreement or term of contract, notice and recording; providing for vacation of abutting publicly dedicated property

ARTICLE 2 - CREATION, ALTERATION AND TERMINATION

Modifying certain provisions relating to creation, unit boundaries, declaration contents, all common interest communities, declaration of flexible common interest communities, allocation of interests, common elements and limited common elements, common interest community plats (CIC PLAT), expansion of flexible CIC, the subdivision, combination or conversion of units, the alteration of units and the relocation of boundaries between adjoining units, amendments of declaration, termination of CIC, master associations and severance of CIC

ARTICLE 3 - ORGANIZATION AND OPERATION

Modifying certain provisions relating to organization and powers of unit owners' association, board of directors, officers and declarant control, special declarant rights, transfer, liability of transferor and transferee and termination, termination of contracts, leases and licenses, annual report, quorum, voting, security interests creation or conveyance in common elements, insurance, replacement reserves, assessments for common expenses, lien for assessments, other liens, declarant duties and turnover of records and accounting controls

ARTICLE 4 - PROTECTION OF PURCHASERS

Modifying certain provisions relating to applicability and delivery of disclosure statement, disclosure statement and general provisions, CIC with building once occupied, purchaser's right to cancel, resale of units, purchaser's right to cancel resale, obligation to release liens, conversion property, statute of limitations for warranties and rights of action
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