COMMON INTEREST COMMUNITIES

See also CONDOMINIUMS

Additional real estate

Declaration amendments, Minn. Statutes 2004 515B.2-111

Defined, Minn. Statutes 2004 515B.1-103

Disclosure statements, Minn. Statutes 2004 515B.4-103

Liens, Minn. Statutes 2004 515B.2-111

Rights to add, Minn. Statutes 2004 515B.4-103

Advertising

Promotional materials, labeling, Minn. Statutes 2004 515B.4-117

Sales, Minn. Statutes 2004 515B.2-116

Affidavits, termination of common interest communities, Minn. Statutes 2004 515B.2-119

Affiliates of declarants, defined, Minn. Statutes 2004 515B.1-103

Agents, representation by

Conciliation court actions, Minn. Statutes 2004 481.02, 491A.02

Allocated interests

Declarations, Minn. Statutes 2004 515B.2-108

Defined, Minn. Statutes 2004 515B.1-103

Alterations

Generally, Minn. Statutes 2004 515B.2-101 to 515B.2-123

Units, Minn. Statutes 2004 515B.2-113

Annual reports, Minn. Statutes 2004 515B.3-106

Apartments, see Units under this topic

Application of law

Building codes, Minn. Statutes 2004 515B.1-106

Condominiums, Minn. Statutes 2004 515B.1-102

Cooperatives, Minn. Statutes 2004 515B.1-102

Generally, Minn. Statutes 2004 515B.1-102

Local ordinances, Minn. Statutes 2004 515B.1-102, 515B.1-106

Planned communities, Minn. Statutes 2004 515B.1-102

Purchasers, protection, Minn. Statutes 2004 515B.4-101 to 515B.4-118

Supplemental general principles, Minn. Statutes 2004 515B.1-108

Variation by agreement, Minn. Statutes 2004 515B.1-104

Approvals from federal agencies, Minn. Statutes 2004 515B.4-102

Assessments

Alternative programs, Minn. Statutes 2004 515B.3-115

Attorney fees, Minn. Statutes 2004 515B.3-115

Common expenses, Minn. Statutes 2004 515B.2-108, 515B.3-114, 515B.3-115

Liens, Minn. Statutes 2004 515B.3-116

Associations

Defined, Minn. Statutes 2004 515B.1-103

Master associations, Minn. Statutes 2004 515B.1-103, 515B.2-121, 515B.3-102

Unit owners association, see same under this topic

Attorney fees

Assessment collections, Minn. Statutes 2004 515B.3-115

Lawsuits, Minn. Statutes 2004 515B.4-116

Baseball park (major league), Minn. Statutes 2004 473I.10

Board of directors

Defined, Minn. Statutes 2004 515B.1-103

Directors, Minn. Statutes 2004 515B.3-103

Elections, Minn. Statutes 2004 515B.3-103, 515B.3-108

Meetings, Minn. Statutes 2004 515B.3-103, 515B.3-108, 515B.3-109

Notice given, meetings, Minn. Statutes 2004 515B.3-103

Officers, Minn. Statutes 2004 515B.3-103

Procedures, Minn. Statutes 2004 515B.3-108

Quorum, Minn. Statutes 2004 515B.3-109

Building codes, Minn. Statutes 2004 515B.1-106

Bylaws

Amendments, Minn. Statutes 2004 272.12, 515B.1-116

Construction, Minn. Statutes 2004 515B.2-103

Master associations, Minn. Statutes 2004 515B.2-121

Recording, Minn. Statutes 2004 272.12, 515B.1-116, 515B.3-106

Requirements, generally, Minn. Statutes 2004 515B.3-106

Severability, Minn. Statutes 2004 515B.2-103

Validity, Minn. Statutes 2004 515B.2-103

Cable communications

Multiple dwellings, exception, Minn. Statutes 2004 238.22

Certificates and certification

Resale disclosure certificates, Minn. Statutes 2004 515B.4-107

Change of form of ownership, Minn. Statutes 2004 515B.2-123

CIC numbers, assignment, Minn. Statutes 2004 515B.1-116

CIC plats

Amendments

Generally, Minn. Statutes 2004 515B.2-110

Recording, Minn. Statutes 2004 272.12, 515B.1-116

Subdivision or conversion of units, Minn. Statutes 2004 515B.2-112

Unit boundaries, relocation, Minn. Statutes 2004 515B.2-114

Application of law, Minn. Statutes 2004 515B.1-102

Consolidations, Minn. Statutes 2004 515B.2-122

County approval of, Minn. Statutes 2004 389.09

County auditors, duties, Minn. Statutes 2004 272.12

Defined, Minn. Statutes 2004 515B.1-103

Improvements depicted on, Minn. Statutes 2004 515B.4-118

Mergers, Minn. Statutes 2004 515B.2-122

Recording, approval by county surveyor, Minn. Statutes 2004 389.09

Requirements, Minn. Statutes 2004 515A.2-110, 515B.2-110

Sale, lease, or disposal of land included in plat prior to recording, Minn. Statutes 2004 505.08

Supplemental plats, Minn. Statutes 2004 515B.2-110

Claims, see Lawsuits under this topic

Common elements

Addition of, Minn. Statutes 2004 515B.2-125

Ceilings as, Minn. Statutes 2004 515B.2-102

Conveyance, Minn. Statutes 2004 515B.3-112

Defined, Minn. Statutes 2004 515B.1-103, 515B.2-109

Eminent domain, Minn. Statutes 2004 515B.1-107

Encumbrance, Minn. Statutes 2004 515B.3-112

Floors as, Minn. Statutes 2004 515B.2-102

Generally, Minn. Statutes 2004 515B.2-109

Limited common elements, Minn. Statutes 2004 515B.1-103, 515B.2-109

Maintenance and repairs, Minn. Statutes 2004 515B.3-107

Real estate, Minn. Statutes 2004 515B.2-125

Walls as, Minn. Statutes 2004 515B.2-102

Common expenses

Assessments, Minn. Statutes 2004 515B.2-108, 515B.3-114, 515B.3-115

Defined, Minn. Statutes 2004 515B.1-103

Liability, Minn. Statutes 2004 515B.1-103

Master associations, Minn. Statutes 2004 515B.2-121

Common Interest Ownership Act, Minn. Statutes 2004 515B.1-101 to 515B.4-118

Condominiums

Application of law, Minn. Statutes 2004 515B.1-102

Creation, Minn. Statutes 2004 515B.2-101

Defined, Minn. Statutes 2004 515B.1-103

Legal description, Minn. Statutes 2004 515B.2-119

Separate titles, Minn. Statutes 2004 515B.1-105

Taxation, Minn. Statutes 2004 515B.1-105

Consolidations, Minn. Statutes 2004 515B.2-122

Contracts

Declarant liability, Minn. Statutes 2004 515B.3-111

Good faith obligations, Minn. Statutes 2004 515B.1-113

Termination by declarant, Minn. Statutes 2004 515B.3-105

Terms and obligations, Minn. Statutes 2004 515B.3-111 to 515B.3-113

Unconscionable agreements or terms of contract, Minn. Statutes 2004 515B.1-112

Controls, definitions, Minn. Statutes 2004 515B.1-103

Conversion of units, Minn. Statutes 2004 515B.2-112

Conversion property

Defined, Minn. Statutes 2004 515B.1-103

Notice of conversion, Minn. Statutes 2004 515B.4-111

Conveyances

Common elements, Minn. Statutes 2004 515B.3-112

Liens, release of, Minn. Statutes 2004 515B.4-110

Cooperative apartments, see COOPERATIVE APARTMENTS

Cooperatives

Application of law, Minn. Statutes 2004 515B.1-102

Assessments, liens for, Minn. Statutes 2004 515B.3-116

Conveyances, Minn. Statutes 2004 515B.3-112

Creation, Minn. Statutes 2004 515B.2-101

Creditors' rights upon termination, Minn. Statutes 2004 515B.2-119

Defined, Minn. Statutes 2004 515B.1-103

Financing statements, Minn. Statutes 2004 515B.3-117

Liens, Minn. Statutes 2004 515B.3-116, 515B.3-117

Proprietary leases, Minn. Statutes 2004 515B.1-103

Security interests, Minn. Statutes 2004 515B.3-112, 515B.3-117

Separate titles, Minn. Statutes 2004 515B.1-105

Taxation, Minn. Statutes 2004 515B.1-105

Titles, Minn. Statutes 2004 515B.1-105

Creation, Minn. Statutes 2004 515B.2-101 to 515B.2-123

Dealers, defined, Minn. Statutes 2004 515B.1-103

Declarants

Affiliates of declarants, Minn. Statutes 2004 515B.1-103

Definitions, Minn. Statutes 2004 515B.1-103

Easement rights, Minn. Statutes 2004 515B.2-117

Liability, Minn. Statutes 2004 515B.3-104, 515B.3-111, 515B.4-118

Obligations, Minn. Statutes 2004 515B.3-120, 515B.4-110, 515B.4-118

Period of declarant control, Minn. Statutes 2004 515B.1-103, 515B.2-121, 515B.3-103, 515B.3-120

Purchasers, see same under this topic

Sales rights, Minn. Statutes 2004 515B.2-116

Special declarant rights, Minn. Statutes 2004 515B.2-116, 515B.2-117, 515B.3-104

Special declarant rights, defined, Minn. Statutes 2004 515B.1-103

Successor liability, Minn. Statutes 2004 515B.3-104

Termination of contracts and leases, Minn. Statutes 2004 515B.3-105

Declarations

Allocated interests, Minn. Statutes 2004 515B.1-103, 515B.2-108

Amendments

Additional real estate, Minn. Statutes 2004 515B.2-111

Consent of unit owners, Minn. Statutes 2004 515B.2-118

Generally, Minn. Statutes 2004 515B.2-118

Limited common elements, reallocation, Minn. Statutes 2004 515B.2-109

Recording, Minn. Statutes 2004 515B.1-116, 515B.2-118

Subdivision or conversion of units, Minn. Statutes 2004 515B.2-112

Unit boundaries, relocation, Minn. Statutes 2004 515B.2-114

CIC plats, see same under this topic

Consolidations, Minn. Statutes 2004 515B.2-122

Construction, Minn. Statutes 2004 515B.2-103

Contents, Minn. Statutes 2004 515B.2-105 to 515B.2-107

Definitions, Minn. Statutes 2004 515B.1-103

Flexible common interest communities, Minn. Statutes 2004 515B.2-106

Generally, Minn. Statutes 2004 515B.2-101, 515B.2-105

Leasehold common interest communities, Minn. Statutes 2004 515B.2-107

Master associations, Minn. Statutes 2004 515B.2-121

Master declarations, defined, Minn. Statutes 2004 515B.1-103

Mergers, Minn. Statutes 2004 515B.2-122

Recording, Minn. Statutes 2004 515B.1-116, 515B.2-118

Severability, Minn. Statutes 2004 515B.2-103

Validity, Minn. Statutes 2004 515B.2-103

Definitions

Common Interest Ownership Act, Minn. Statutes 2004 515B.1-103

Municipal housing programs, Minn. Statutes 2004 462C.02

Solid waste management taxes, Minn. Statutes 2004 297H.01

Disclosure statements

Additional real estate, Minn. Statutes 2004 515B.4-103

Delivery, Minn. Statutes 2004 515B.4-101

General provisions, Minn. Statutes 2004 515B.4-102

Previously occupied buildings, Minn. Statutes 2004 515B.4-105

Purchase agreements, Minn. Statutes 2004 515B.4-102

Resale certificates, Minn. Statutes 2004 515B.4-107

Sales requirements, Minn. Statutes 2004 515B.4-101, 515B.4-107

Time shares, Minn. Statutes 2004 515B.4-104

Dispose, defined, Minn. Statutes 2004 515B.1-103

Disposition, defined, Minn. Statutes 2004 515B.1-103

Earnest money, Minn. Statutes 2004 515B.4-109

Easements, unit owners association, duties, Minn. Statutes 2004 515B.3-102

Eminent domain, Minn. Statutes 2004 515B.1-107

Encumbrances, common elements, Minn. Statutes 2004 515B.3-112

Escrow deposits, Minn. Statutes 2004 515B.4-109

Exemptions, Minn. Statutes 2004 515B.1-102

Expenses, see Common expenses under this topic

Fees

Floor plans, filing, Minn. Statutes 2004 357.18

Recording fees, Minn. Statutes 2004 515B.1-116

Financial statements

Cooperatives, Minn. Statutes 2004 515B.3-117

Review, Minn. Statutes 2004 515B.3-121

Flexible common interest communities

Declarations, contents, Minn. Statutes 2004 515B.2-106

Defined, Minn. Statutes 2004 515B.1-103

Expansion, Minn. Statutes 2004 515B.2-111

Floor plans, filing, fees, Minn. Statutes 2004 357.18

Foreclosures, Minn. Statutes 2004 515B.3-104, 515B.3-116

Good faith obligations, Minn. Statutes 2004 515B.1-113

Homesteads

Determination rules, Minn. Statutes 2004 273.124

Generally, Minn. Statutes 2004 515B.1-105

Housing improvements

Common interest communities defined as, Minn. Statutes 2004 428A.11

Housing units

Common interest communities defined as, Minn. Statutes 2004 428A.11

Housing with services establishments, exclusion, Minn. Statutes 2004 144D.01

Insurance, Minn. Statutes 2004 515B.3-113

Interpretation of law

Building codes, Minn. Statutes 2004 515B.1-106

Generally, construction against implicit repeal, Minn. Statutes 2004 515B.1-109

Local ordinances, Minn. Statutes 2004 515B.1-106

Lawsuits

Attorney fees, Minn. Statutes 2004 515B.4-116

Conciliation court actions, representation, Minn. Statutes 2004 481.02, 491A.02

Rights of action, Minn. Statutes 2004 515B.4-116

Unit owners association, duties, Minn. Statutes 2004 515B.3-102

Leasehold common interest communities

Declarations, contents, Minn. Statutes 2004 515B.2-107

Defined, Minn. Statutes 2004 515B.1-103

Leases

Lease restrictions, Minn. Statutes 2004 469.018

Proprietary leases, defined, Minn. Statutes 2004 515B.1-103

Recording, Minn. Statutes 2004 515B.2-107

Termination by declarant, Minn. Statutes 2004 515B.3-105

Liability

Common expense liabilities, Minn. Statutes 2004 515B.1-103

Declarants, Minn. Statutes 2004 515B.3-104, 515B.3-111, 515B.4-118

Liability insurance, Minn. Statutes 2004 515B.3-113

Liens

Additional real estate, Minn. Statutes 2004 515B.2-111

Assessments, Minn. Statutes 2004 515B.3-115, 515B.3-116

Cooperatives, Minn. Statutes 2004 515B.3-117

Foreclosures, Minn. Statutes 2004 515B.3-116

Generally, Minn. Statutes 2004 515B.3-117

Mechanic's liens, Minn. Statutes 2004 515B.3-117

Obligation to release, Minn. Statutes 2004 515B.4-110

Limited common elements, see Common elements under this topic

Local ordinances, Minn. Statutes 2004 515B.1-106

Mail and mailing

Notices, Minn. Statutes 2004 515B.1-115, 515B.3-108, 515B.4-108

Maintenance and repairs

Associations, responsibilities and rights, Minn. Statutes 2004 515B.3-107

Declarant liability, Minn. Statutes 2004 515B.4-118

Responsibility for, Minn. Statutes 2004 515B.3-107

Master associations

Defined, Minn. Statutes 2004 515B.1-103

Generally, Minn. Statutes 2004 515B.2-121

Powers, Minn. Statutes 2004 515B.2-121, 515B.3-102

Mechanics and material suppliers liens, Minn. Statutes 2004 515B.3-117

Mergers, Minn. Statutes 2004 515B.2-122

Multifamily housing development

Common interest communities defined as, Minn. Statutes 2004 462C.02

Multiple dwellings, exception

Cable communications systems, Minn. Statutes 2004 238.22

Nonresidential use

Insurance, variances or waivers, Minn. Statutes 2004 515B.3-113

Notices

Foreclosures, Minn. Statutes 2004 515B.3-116

Mail and mailing, Minn. Statutes 2004 515B.1-115, 515B.3-103, 515B.3-108

Meetings, Minn. Statutes 2004 515B.3-103, 515B.3-108

Purchase agreements, Minn. Statutes 2004 515B.4-101

Requirements, generally, Minn. Statutes 2004 515B.1-115

Resale cancellations, Minn. Statutes 2004 515B.4-108

Operation, generally, Minn. Statutes 2004 515B.3-101 to 515B.3-121

Ordinances, Minn. Statutes 2004 515B.1-106

Organization, generally, Minn. Statutes 2004 515B.3-101 to 515B.3-121

Owners, see Unit owners under this topic

Owners association, see Unit owners association under this topic

Period of declarant control

Generally, Minn. Statutes 2004 515B.3-103, 515B.3-120

Master associations, Minn. Statutes 2004 515B.2-121

Perpetuities, applicability, Minn. Statutes 2004 515B.2-103

Planned communities

Application of law, Minn. Statutes 2004 515B.1-102

Assessments, liens for, Minn. Statutes 2004 515B.3-116

Conveyances, Minn. Statutes 2004 515B.3-112

Creation, Minn. Statutes 2004 515B.2-101

Defined, Minn. Statutes 2004 515B.1-103

Legal description, Minn. Statutes 2004 515B.2-119

Liens for assessments, Minn. Statutes 2004 515B.3-116

Security interests, Minn. Statutes 2004 515B.3-112

Separate titles, Minn. Statutes 2004 515B.1-105

Taxation, Minn. Statutes 2004 515B.1-105

Plats, see CIC plats under this topic

Promotion, labeling of materials, Minn. Statutes 2004 515B.4-117

Property insurance, Minn. Statutes 2004 515B.3-113

Property taxes, see Common interest communities under PROPERTY TAXES

Proprietary leases, defined, Minn. Statutes 2004 515B.1-103

Public nuisances, multiple dwellings, defined, Minn. Statutes 2004 617.80

Purchase agreements

Cancellation, Minn. Statutes 2004 515B.4-106, 515B.4-108

Notice, Minn. Statutes 2004 515B.4-101

Purchasers

Defined, Minn. Statutes 2004 515B.1-103

Liability, Minn. Statutes 2004 515B.4-102

Protection, Minn. Statutes 2004 515B.4-101 to 515B.4-118

Purchase agreements, right to cancel, Minn. Statutes 2004 515B.4-106, 515B.4-108

Resale, right to cancel, Minn. Statutes 2004 515B.4-108

Real estate, defined, Minn. Statutes 2004 515B.1-103

Recording officers

Duties, generally, Minn. Statutes 2004 515B.1-116

Filing with, cooperatives, financing statements, Minn. Statutes 2004 515B.3-117

Relocation of boundaries, Minn. Statutes 2004 515B.2-114

Remedies, Minn. Statutes 2004 515B.1-114, 515B.4-116

Repairs, Minn. Statutes 2004 515B.3-107, 515B.4-118

Resale of units, Minn. Statutes 2004 515B.4-107, 515B.4-108

Reserve funds, Minn. Statutes 2004 515B.3-114

Residential generators

Common interest communities defined as, Minn. Statutes 2004 297H.01

Residential real estate, units in defined as, Minn. Statutes 2004 513.52

Residential real property, units in defined as, Minn. Statutes 2004 513.52

Residential use

Defined, Minn. Statutes 2004 515B.1-103

Homestead exemptions or classifications, Minn. Statutes 2004 515B.1-105

Sales

Advertising, Minn. Statutes 2004 515B.2-116

Declarant rights, Minn. Statutes 2004 515B.2-116

Disclosure requirements, Minn. Statutes 2004 515B.4-101, 515B.4-107

Notice, Minn. Statutes 2004 515B.3-116

Price disparities, Minn. Statutes 2004 515B.1-112

Proceeds, distribution, Minn. Statutes 2004 515B.2-119

Promotional materials, labeling, Minn. Statutes 2004 515B.4-117

Receipt requirements, Minn. Statutes 2004 515B.4-107

Requirements, generally, Minn. Statutes 2004 515B.2-116

Resale of units, Minn. Statutes 2004 515B.4-107, 515B.4-108

Signs, Minn. Statutes 2004 515B.2-116

Secured parties

Defined, Minn. Statutes 2004 515B.1-103

Rights, Minn. Statutes 2004 515B.2-120

Security interests

Cooperatives, Minn. Statutes 2004 515B.3-117

Defined, Minn. Statutes 2004 515B.1-103

Severance, generally, Minn. Statutes 2004 515B.2-124

Signs

Promotional materials, labeling, Minn. Statutes 2004 515B.4-117

Sales, Minn. Statutes 2004 515B.2-116

Single-family housing

Common interest communities defined as, Minn. Statutes 2004 462C.02

Special declarant rights, see Declarants under this topic

Statutes of limitations, warranties, Minn. Statutes 2004 515B.4-115

Subdivision of units, Minn. Statutes 2004 515B.2-112

Surplus funds, Minn. Statutes 2004 515B.3-114

Target Center, Minn. Statutes 2004 473.556, 473.599

Taxes, property taxes, Minn. Statutes 2004 515B.1-105, 515B.1-116

Terminations

Affidavits, Minn. Statutes 2004 515B.2-119

Agreements, Minn. Statutes 2004 515B.2-119

Legal description of real estate, Minn. Statutes 2004 515B.2-119

Requirements, Minn. Statutes 2004 515B.2-119

Sales, see same under this topic

Time shares

Defined, Minn. Statutes 2004 515B.1-103

Disclosure statements, Minn. Statutes 2004 515B.4-104

Torts, declarant liability, Minn. Statutes 2004 515B.3-111

Townhouses, see TOWNHOUSES

Transfers, conveyances, Minn. Statutes 2004 515B.3-112, 515B.4-110

Trustees, associations as, Minn. Statutes 2004 515B.3-119

Unconscionable contracts, Minn. Statutes 2004 515B.1-112

Unit boundaries

Minor variations in, Minn. Statutes 2004 515B.2-115

Relocation, Minn. Statutes 2004 515B.2-114

Requirements, Minn. Statutes 2004 515B.2-102

Unit identifiers, Minn. Statutes 2004 515B.1-104

Unit owners

Declarants defined as, Minn. Statutes 2004 515B.1-103

Defined, Minn. Statutes 2004 515B.1-103

Notice received, board meetings, Minn. Statutes 2004 515B.3-103

Reports received, association annual reports, Minn. Statutes 2004 515B.3-106

Unit owners association

Annual reports, Minn. Statutes 2004 515B.3-106

Board of directors, Minn. Statutes 2004 515B.3-103, 515B.3-108

Budget, Minn. Statutes 2004 515B.3-114

Bylaws, see same under this topic

Conciliation court actions, representation, Minn. Statutes 2004 481.02, 491A.02

Dissolution upon termination, Minn. Statutes 2004 515B.2-119

Financial records, Minn. Statutes 2004 515B.3-116, 515B.3-121

Financial statements, Minn. Statutes 2004 515B.3-121

Incorporation, Minn. Statutes 2004 515B.3-101

Litigation, Minn. Statutes 2004 515B.3-102

Master associations, Minn. Statutes 2004 515B.1-103, 515B.2-121

Meetings, Minn. Statutes 2004 515B.3-102, 515B.3-103, 515B.3-108 to 515B.3-110

Membership, Minn. Statutes 2004 515B.3-101

Organization, Minn. Statutes 2004 515B.3-103

Power of attorney, Minn. Statutes 2004 515B.3-112

Powers, Minn. Statutes 2004 515B.3-102

Record keeping, Minn. Statutes 2004 515B.3-116, 515B.3-118, 515B.3-120

Reports given, annual reports, Minn. Statutes 2004 515B.3-106

Rights of action, Minn. Statutes 2004 515B.4-116

Trustee status, Minn. Statutes 2004 515B.3-119

Units

Alterations, Minn. Statutes 2004 515B.2-113

Assessments, Minn. Statutes 2004 515B.3-115, 515B.3-116

Boundaries, Minn. Statutes 2004 515B.2-102, 515B.2-114, 515B.2-115

Conversions, Minn. Statutes 2004 515B.2-112

Defined, Minn. Statutes 2004 515B.1-103

Description requirements, Minn. Statutes 2004 515B.2-104

Eminent domain, Minn. Statutes 2004 515B.1-107

Identifiers, Minn. Statutes 2004 515B.1-103, 515B.2-104

Owners, see Unit owners under this topic

Owners association, see Unit owners association under this topic

Resale, Minn. Statutes 2004 515B.4-107, 515B.4-108

Severance, Minn. Statutes 2004 515B.2-124

Subdivided land sales law, exemption, Minn. Statutes 2004 83.26

Subdivision, Minn. Statutes 2004 515B.2-112

Valuation of property

Homestead determination, Minn. Statutes 2004 273.124

Warranties

Express warranties, Minn. Statutes 2004 515B.4-112

Implied warranties, Minn. Statutes 2004 515B.4-113, 515B.4-114

Statutes of limitations, Minn. Statutes 2004 515B.4-115