HF 3558

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to commerce; regulating statutory housing warranties; clarifying the
legislature's intent that the warranties remain unaffected by corporate dissolution;
amending Minnesota Statutes 2004, sections 302A.781, by adding a subdivision;
322B.863, by adding a subdivision; 327A.02, by adding a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2004, section 302A.781, is amended by adding a
subdivision to read:

new text begin Subd. 4. new text end

new text begin Statutory homeowner warranty claims preserved. new text end

new text begin The statutory
warranties provided under section 327A.02 are not affected by a dissolution under this
chapter.
new text end

Sec. 2.

Minnesota Statutes 2004, section 322B.863, is amended by adding a
subdivision to read:

new text begin Subd. 4. new text end

new text begin Statutory homeowner warranty claims preserved. new text end

new text begin The statutory
warranties provided under section 327A.02 are not affected by a dissolution under this
chapter.
new text end

Sec. 3.

Minnesota Statutes 2004, section 327A.02, is amended by adding a subdivision
to read:

new text begin Subd. 2a. new text end

new text begin Remedies unaffected by corporate dissolution. new text end

new text begin The statutory
warranties provided in this section are not affected by the dissolution of a vendor or home
improvement contractor that is a corporation or limited liability company.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactive to the effective dates of
Minnesota Statutes, section 327A.02, subdivisions 1 and 3, and is intended to clarify the
intent of the legislature in enacting those subdivisions.
new text end