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CHAPTER 515B. Minnesota common interest ownership act

Table of Sections
Section Headnote

ARTICLE 1

APPLICABILITY, DEFINITIONS AND OTHER GENERAL PROVISIONS

515B.1-101 Short title.
515B.1-102 Applicability.
515B.1-103 Definitions.
515B.1-104 Variation by agreement.
515B.1-105 Separate titles and taxation.
515B.1-106 Applicability of local requirements.
515B.1-107 Eminent domain.
515B.1-108 This chapter prevails; supplemental law.
515B.1-109 Construction against implicit repeal.
515B.1-110 [Repealed, 1996 c 310 s 1]
515B.1-111 [Repealed, 1996 c 310 s 1]
515B.1-112 Unconscionable agreement or term of contract.
515B.1-113 Obligation of good faith.
515B.1-114 Remedies to be liberally administered.
515B.1-115 Notice.
515B.1-116 Recording.

ARTICLE 2

CREATION, ALTERATION AND TERMINATION

515B.2-101 Creation of common interest communities.
515B.2-102 Unit boundaries.
515B.2-103 Construction and validity of declaration and bylaws.
515B.2-104 Description of units.
515B.2-105 Declaration contents; all common interest communities.
515B.2-106 Declaration of flexible common interest communities.
515B.2-107 Declaration of leasehold common interest communities.
515B.2-108 Allocation of interests.
515B.2-109 Common elements and limited common elements.
515B.2-110 Common interest community plat (CIC plat).
515B.2-111 Expansion of flexible common interest community.
515B.2-112 Subdivision, combination, or conversion of units.
515B.2-113 Alterations of units.
515B.2-114 Relocation of boundaries between adjoining units.
515B.2-115 Minor variations in boundaries.
515B.2-116 Use for sales purposes.
515B.2-117 Declarant's easement rights.
515B.2-118 Amendment of declaration.
515B.2-119 Termination of common interest community.
515B.2-120 Rights of secured parties.
515B.2-121 Master associations.
515B.2-122 Merger or consolidation of common interest communities.
515B.2-123 Change of form of common interest community.
515B.2-124 Severance of common interest community.
515B.2-125 Addition of common elements.

ARTICLE 3

ORGANIZATION AND OPERATION

515B.3-101 Organization of unit owners' association.
515B.3-102 Powers of unit owners' association.
515B.3-103 Board of directors, officers and declarant control.
515B.3-104 Transfer of special declarant rights.
515B.3-105 Termination of contracts, leases.
515B.3-106 Bylaws; annual report.
515B.3-107 Upkeep of common interest community.
515B.3-108 Meetings.
515B.3-109 Quorums.
515B.3-110 Voting; proxies.
515B.3-111 Tort and contract liability.
515B.3-112 Conveyance of, or creation of security interests in, common elements.
515B.3-113 Insurance.
515B.3-114 Reserves; surplus funds.
515B.3-115 Assessments for common expenses.
515B.3-116 Lien for assessments.
515B.3-117 Other liens.
515B.3-118 Association records.
515B.3-119 Association as trustee.
515B.3-120 Declarant duties; turnover of records.
515B.3-121 Accounting controls.

ARTICLE 4

PROTECTION OF PURCHASERS

515B.4-101 Applicability; delivery of disclosure statement.
515B.4-102 Disclosure statement; general provisions.
515B.4-103 Common interest communities subject to rights to add realty.
515B.4-104 Time shares.
515B.4-105 Common interest community with building once occupied.
515B.4-106 Purchaser's right to cancel.
515B.4-107 Resale of units.
515B.4-108 Purchaser's right to cancel resale.
515B.4-109 Escrow deposits.
515B.4-110 Obligation to release liens.
515B.4-111 Conversion property.
515B.4-112 Express warranties.
515B.4-113 Implied warranties.
515B.4-114 Exclusion or change of implied warranties.
515B.4-115 Statute of limitations for warranties.
515B.4-116 Rights of action; attorney's fees.
515B.4-117 Labeling of promotional material.
515B.4-118 Declarant's obligation to complete and restore.

Official Publication of the State of Minnesota
Revisor of Statutes