Modifies housing cooperatives organization and operation in Minnesota

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

Modifies housing cooperatives organization and operation in Minnesota

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