Minnesota SF 3622: Iron Range education account establishment

Bill Text

1.1 A bill for an act​
1.2 relating to real property; making clarifying, technical, and conforming changes to​
1.3 the Minnesota Common Interest Ownership Act; providing for certain exemptions;​
1.4 providing for number of directors for certain associations; clarifying certain​
1.5 insurance policies; amending Minnesota Statutes 2024, sections 515B.1-102;​
1.6 515B.1-103; 515B.1-116; 515B.2-101; 515B.2-102; 515B.2-104; 515B.2-105;​
1.7 515B.2-108; 515B.2-110; 515B.2-1101; 515B.2-113; 515B.2-118; 515B.2-119;​
1.8 515B.2-121; 515B.2-124; 515B.2-125; 515B.3-102; 515B.3-1041; 515B.3-105;​
1.9 515B.3-1051; 515B.3-106; 515B.3-107; 515B.3-112; 515B.3-113; 515B.3-1141;​
1.10 515B.3-1151; 515B.3-116; 515B.4-101; 515B.4-102; 515B.4-1021; 515B.4-103;​
1.11 515B.4-104; 515B.4-105; 515B.4-106; 515B.4-107; 515B.4-113; 515B.4-116;​
1.12 515B.4-118; Minnesota Statutes 2025 Supplement, section 515B.3-103; Laws​
1.13 2024, chapter 96, article 1, section 91, as amended; article 2, section 13, as​
1.14 amended.​
1.15 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.16 Section 1. Minnesota Statutes 2024, section 515B.1-102, is amended to read:​
1.17 515B.1-102 APPLICABILITY.​
1.18 (a) Except as provided in this section, this chapter, and not chapters 515 and 515A,​
1.19 applies to all common interest communities created within this state on and after June 1,​
1.20 1994.​
1.21 (b) The applicability of this chapter to common interest communities created prior to​
1.22 June 1, 1994, shall be as follows:​
1.23 (1) This chapter shall apply to condominiums created under chapter 515A with respect​
1.24 to events and circumstances occurring on and after June 1, 1994; provided (i) that this​
1.25 chapter shall not invalidate the declarations, bylaws or condominium plats of those​
1.26 condominiums, and (ii) that chapter 515A, and not this chapter, shall govern all rights and​
1​Section 1.​
S3622-2 2nd Engrossment​SF3622 REVISOR JSK​
SENATE​
STATE OF MINNESOTA​
S.F. No. 3622​NINETY-FOURTH SESSION​
(SENATE AUTHORS: KREUN)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​6321​02/17/2026​
Referred to Judiciary and Public Safety​
Comm report: To pass as amended​6766a​03/18/2026​
Second reading​6807​
Special Order: Amended​8035a​04/14/2026​
Third reading Passed as amended​8036​
Returned from House​9105​04/27/2026​
Presentment date 04/28/26​
Governor's action Approval 04/29/26​9326​
Secretary of State Chapter 61 04/29/26​9327​
Effective date various dates​

2.1 obligations of a declarant of a condominium created under chapter 515A, and the rights and​
2.2 claims of unit owners against that declarant.​
2.3 (2) The following sections in this chapter apply to condominiums created under chapter​
2.4 515: 515B.1-104 (Variation by Agreement); 515B.1-105 (Separate Titles and Taxation);​
2.5 515B.1-106 (Applicability of Local Requirements); 515B.1-107 (Eminent Domain);​
2.6 515B.1-108 (This Chapter Prevails; Supplemental Law); 515B.1-109 (Construction Against​
2.7 Implicit Repeal); 515B.1-112 (Unconscionable Agreement or Term of Contract); 515B.1-113​
2.8 (Obligation of Good Faith); 515B.1-114 (Remedies to be Liberally Administered);​
2.9 515B.1-115 (Notice); 515B.1-116 (Recording); 515B.2-103 (Construction and Validity of​
2.10 Declaration and Bylaws); 515B.2-104 (Description of Units); 515B.2-108 (d) 515B.2-108(d)​
2.11 (Allocation of Interests); 515B.2-109 (f) 515B.2-109(f) (Common Elements and Limited​
2.12 Common Elements); 515B.2-112 (Subdivision, Combination, or Conversion of Units);​
2.13 515B.2-113 (Alteration of Units); 515B.2-114 (Relocation of Boundaries Between Adjoining​
2.14 Units); 515B.2-115 (Minor Variations in Boundaries); 515B.2-118 (Amendment of​
2.15 Declaration); 515B.2-119 (Termination of Common Interest Community); 515B.3-102​
2.16 (Powers of Unit Owners' Association); 515B.3-103 (a) 515B.3-103(a), (b), and (g) (Board​
2.17 of Directors, Officers, and Declarant Control); 515B.3-107 (Upkeep of Common Interest​
2.18 Community); 515B.3-108 (Meetings); 515B.3-109 (Quorums); 515B.3-110 (Voting; Proxies);​
2.19 515B.3-111 (Tort and Contract Liability); 515B.3-112 (Conveyance of, or Creation of​
2.20 Security Interests in, Common Elements); 515B.3-113 (Insurance); 515B.3-114 (Reserves;​
2.21 Surplus Funds); 515B.3-1141 (Replacement Reserves); 515B.3-115 (c) 515B.3-115(c), (e),​
2.22 (f), (g), (h), and (i) (Assessments for Common Expenses); 515B.3-116 (Lien for​
2.23 Assessments); 515B.3-117 (Other Liens); 515B.3-118 (Association Records); 515B.3-119​
2.24 (Association as Trustee); 515B.3-121 (Accounting Controls); 515B.4-107 (Resale of Units);​
2.25 515B.4-108 (Purchaser's Right to Cancel Resale); and 515B.4-116 (Rights of Action;​
2.26 Attorney's Fees). Section 515B.1-103 (Definitions) shall apply to the extent necessary in​
2.27 construing any of the sections referenced in this section. Sections 515B.1-105, 515B.1-106,​
2.28 515B.1-107, 515B.1-116, 515B.2-103, 515B.2-104, 515B.2-118, 515B.3-102, 515B.3-110,​