1.1 	A bill for an act
1.2 	relating to real estate; adjusting the statute of repose for homeowner warranty 
1.3 	claims;amending Minnesota Statutes 2007 Supplement, section 541.051, 
1.4 	subdivision 4.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2007 Supplement, section 541.051, subdivision 4, 
1.7 	is amended to read:
1.8 		Subd. 4.Applicability. For the purposes of This section does not apply to actions 
1.9 	based on breach of the statutory warranties set forth in section 327A.02, or to actions 
1.10 	based on breach of an express written warranty, except as provided by this subdivision.
1.11 	Such actions shall be brought within two years of the discovery of the breach. In the case 
1.12 	of an action under section 327A.05, which accrues during the ninth or tenth year after the 
1.13 	warranty date, as defined in section 327A.01, subdivision 8, an action may be brought 
1.14 	within two years of the discovery of the breach, but in no event may an action under 
1.15 	section 327A.05 be brought more than 12 years after the effective warranty date. An 
1.16 	action for contribution or indemnity arising out of actions described in this subdivision 
1.17 	may be brought no later than two years after the earlier of commencement of the action 
1.18 	against the party seeking contribution or indemnity, or payment of a final judgment, 
1.19 	arbitration award, or settlement arising out of the breach. 

1.20 	EFFECTIVE DATE. This section is effective the day following final enactment 
1.21 	and applies to cases pending or commenced on or after that date.