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:

Subd. 4.

Statutory homeowner warranty claims preserved.

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

Sec. 2.

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

Subd. 4.

Statutory homeowner warranty claims preserved.

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

Sec. 3.

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

Subd. 2a.

Remedies unaffected by corporate dissolution.

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.

EFFECTIVE DATE.

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.