EFFECTIVE DATE: August 1, 2005
Minnesota Common Interest
Ownership Act amended.
Section 1: Applicability
Sec. 2: Definitions
Local requirement applicability
Sec. 4: Eminent domain
Sec. 5: Recording
6: Common interest community creation
Sec. 7: Unit boundaries
Sec. 8: Unit
Sec. 9: Flexible common interest community declaration
Declaration of flexible common interest communities modified.
Sec. 11: Interest
Sec. 12: Common Interest Community Plat (CIC Plat)
Flexible common interest community expansion provided.
Sec. 14: Unit
combination language provided.
Sec. 15: Unit alteration modified.
Amendment of declaration
Sec. 17: Common interest community termination
18: Master associations
Sec. 19: Common interest community form change
20: Severance of common interest community
Sec. 21: Unit owners' association
Sec. 22: Powers of unit owners' association modified.
Board of directors regulations modified.
Sec. 24: Contract and lease
termination regulations modified.
Sec. 25: Bylaws and annual report
Sec. 26: Voting proxies modified.
Sec. 27: Common element conveyance
or creation of security interests language provided.
Sec. 28: Insurance
Sec. 29: Surplus fund reserve requirements modified.
30: Common expense assessment procedures modified.
Sec. 31: Assessment lien
Sec. 32: Lien regulations.
Sec. 33: Declarant duties
Sec. 34: Disclosure statement applicability modified.
Disclosure statement general provisions modified.
Sec. 36: Common interest
community with building once occupied
Sec. 37: Purchaser's right to cancel
38: Unit resale provided
Sec. 39: Purchaser's right to cancel resale
Sec. 40: Escrow deposit regulations modified.
Conversion property regulations modified.
Sec. 42: Warranty statute of