Modifies organization and operation of housing cooperatives in Minnesota.

The bill modifies the organization and operation of housing cooperatives in Minnesota. It addresses member violations, requires certain disclosures and notices, permits a purchaser to cancel, establishes express and implied warranties, and mandates insurance. It also makes clarifying, technical, and conforming changes to existing statutes.

Modifies organization and operation of housing cooperatives in Minnesota.

The bill modifies the organization and operation of housing cooperatives in Minnesota. It addresses member violations, requires certain disclosures and notices, permits a purchaser to cancel, establishes express and implied warranties, and mandates insurance. It also makes clarifying, technical, and conforming changes to existing statutes.