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Key: (1) 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 
           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.

Official Publication of the State of Minnesota
Revisor of Statutes