language to be deleted (2) new language
CHAPTER 280-S.F.No. 2047 An act relating to commerce; regulating sales of manufactured homes; authorizing limited dealer's licenses in certain circumstances; amending Minnesota Statutes 1996, section 327B.04, by adding a subdivision. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 1996, section 327B.04, is amended by adding a subdivision to read: Subd. 8. [LIMITED DEALER'S LICENSE.] The commissioner shall issue a limited dealer's license to an owner of a manufactured home park authorizing the licensee to engage in the sale, offering for sale, soliciting, or advertising the sale of used manufactured homes located in the owned manufactured home park as principal only. The licensee must be the title holder of the homes and may engage in no more than five sales annually. The license shall be issued only after receipt of the application described in section 327B.04, subdivision 3, payment of the fee prescribed in section 327B.04, subdivision 7, and compliance with the license prerequisites contained in section 327B.04, subdivision 4; except that an applicant need only secure a surety bond in the amount of $5,000, and the applicant need not comply with section 327B.04, subdivision 4, paragraph (e). The holding of a limited dealer's license does not satisfy the requirement contained in section 327B.04, subdivision 4, paragraph (e), for the licensee or salespersons with respect to obtaining a dealer license. The commissioner shall adopt rules under sections 14.22 to 14.28 to provide for issuing a limited dealer's license. Sec. 2. [EFFECTIVE DATE.] The rulemaking authority granted in section 1 is effective the day following final enactment. Presented to the governor March 13, 1998 Signed by the governor March 16, 1998, 9:52 a.m.