Minnesota SF1450 requires attorney general approval for private equity companies to acquire ownership or control of manufactured home parks.

Minnesota SF1450 mandates that private equity companies seeking to acquire ownership or control of manufactured home parks must notify the attorney general 120 days prior to the transfer. The attorney general must then approve or deny the transfer within 120 days, with the possibility of conditional approval. The bill also requires the attorney general to investigate the impact of such acquisitions on residents and the state, and to report findings to relevant legislative committees by February 15, 2026.

Minnesota SF1450 requires attorney general approval for private equity companies to acquire ownership or control of manufactured home parks.

Minnesota SF1450 mandates that private equity companies seeking to acquire ownership or control of manufactured home parks must notify the attorney general 120 days prior to the transfer. The attorney general must then approve or deny the transfer within 120 days, with the possibility of conditional approval. The bill also requires the attorney general to investigate the impact of such acquisitions on residents and the state, and to report findings to relevant legislative committees by February 15, 2026.