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 2008, section 541.051, subdivision 4.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2008, section 541.051, subdivision 4, is amended to read:
1.6 		Subd. 4.Applicability. For the purposes of This section does not apply to actions 
1.7 	based on breach of the statutory warranties set forth in section 327A.02, or to actions based 
1.8 	on breach of an express written warranty, except as provided by this subdivision. Such 
1.9 	actions shall be brought within two years of the discovery of the breach in all cases where 
1.10 	the breach is discovered within ten years after the warranty date. In the case of an action 
1.11 	under section 327A.05, which accrues during the ninth or tenth year after the warranty 
1.12 	date, as defined in section 327A.01, subdivision 8, an action may be brought within two 
1.13 	years of the discovery of the breachWhere the breach is discovered more than ten years 
1.14 	after the warranty date, these actions must be brought within one year after the discovery 
1.15 	of the breach, but in no event may an action undersection 327A.05 be brought more than 
1.16 	12 years after the effective warranty date. An action for contribution or indemnity arising 
1.17 	out of actions described in this subdivision may be brought no later than two years after the 
1.18 	earlier of commencement of the action against the party seeking contribution or indemnity, 
1.19 	or payment of a final judgment, 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.