Bill
Bill > HF4816
MN HF4816
MN HF4816Organization and operation of housing cooperatives modified; member violations addressed; disclosures and notice required; purchaser permitted to cancel; express and implied warranties established; and clarifying, technical, and conforming changes made.
summary
Introduced
04/07/2026
04/07/2026
In Committee
04/07/2026
04/07/2026
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to housing cooperatives; modifying the organization and operation of housing cooperatives; addressing member violations; requiring certain disclosures and notice; permitting a purchaser to cancel; establishing express and implied warranties; requiring insurance; requiring upkeep; making clarifying, technical, and conforming changes; amending Minnesota Statutes 2024, sections 308C.003, by adding subdivisions; 308C.005, subdivisions 4, 7, 9, 10, 12, 13, 22, 23, 27, 29, 31, 33, 41, 43, 46, 47, 48, by adding subdivisions; 308C.009, subdivision 1; 308C.201; 308C.205; 308C.215, subdivisions 1, 3; 308C.221, subdivisions 1, 3, 4; 308C.225, subdivisions 1, 2, 3; 308C.241, subdivisions 1, 2, by adding a subdivision; 308C.245; 308C.301, subdivisions 1, 2; 308C.311; 308C.312; 308C.401; 308C.405; 308C.411, subdivision 1; 308C.415, subdivision 1; 308C.421, subdivision 3; 308C.425, subdivision 2; 308C.441, subdivision 1; 308C.451, subdivisions 1, 2; 308C.471, subdivisions 4, 6; 308C.475, subdivisions 1, 5; 308C.501, subdivisions 1, 2, by adding a subdivision; 308C.505; 308C.511, subdivisions 1, 3; 308C.525, subdivision 1; 308C.531, subdivisions 2, 6; 308C.535, subdivisions 1, 2; 308C.541, subdivision 1; 308C.545, subdivisions 3, 5, by adding subdivisions; 308C.601, subdivisions 2, 6, by adding subdivisions; 308C.602; 308C.603, subdivisions 1, 4, by adding a subdivision; 308C.612, subdivisions 1, 2, 3, by adding subdivisions; 308C.613, subdivisions 1, 2; 308C.614; 308C.615; 308C.625, subdivisions 1, 2; 308C.801, as amended; 308C.835; 308C.902, subdivision 2; 308C.905, subdivision 1; 308C.925; 308C.935, subdivision 2; 308C.941, subdivision 2; 515B.1-102; Minnesota Statutes 2025 Supplement, sections 308C.411, subdivision 2; 308C.545, subdivision 1; 308C.571, subdivision 1; 515B.3-101; 515B.3-103; proposing coding for new law in Minnesota Statutes, chapter 308C; repealing Minnesota Statutes 2024, sections 308C.003, subdivision 3; 308C.005, subdivisions 8, 20, 32, 34, 36, 37, 38, 42, 44; 308C.241, subdivisions 3, 4, 5, 6; 308C.301, subdivisions 3, 4, 5, 6, 7, 10, 11, 12; 308C.411, subdivisions 5, 6; 308C.415, subdivision 2; 308C.501, subdivisions 3, 4; 308C.502; 308C.601, subdivisions 1, 3, 5, 7; 308C.605; 308C.611; 308C.612, subdivisions 4, 5, 6; 308C.616; 308C.627; 308C.701; 308C.705; 308C.711; 308C.715; 308C.721, subdivision 1; 308C.725; 308C.805; Minnesota Statutes 2025 Supplement, sections 308C.301, subdivisions 8, 9, 13; 308C.721, subdivision 2. 1
AI Summary
This bill modifies the organization and operation of housing cooperatives in Minnesota, addressing member violations, requiring specific disclosures and notices, and establishing express and implied warranties for members. Key provisions include clarifying that membership interests in cooperatives are personal property but still eligible for homestead exemptions, defining terms like "assessment" and "transfer value," and outlining procedures for adopting and amending bylaws. The bill also details the powers of cooperatives and their boards, specifies requirements for market rate and limited equity cooperatives, and addresses developer obligations. It introduces new sections on member violations, including grounds for fines and termination, and clarifies the cooperative's responsibilities for property upkeep and insurance. Furthermore, it mandates specific disclosures for initial sales and resales of membership interests, grants purchasers the right to cancel purchase agreements under certain conditions, and establishes statutes of limitations for warranty claims. The bill also includes provisions for mergers, dissolution, and clarifies the applicability of other laws to cooperatives, including repealing several existing statutes.
Committee Categories
Housing and Urban Affairs
Sponsors (4)
Last Action
Introduction and first reading, referred to Housing Finance and Policy (on 04/07/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/94/2026/0/HF/4816/ |
| BillText | https://www.revisor.mn.gov/bills/94/2026/0/HF/4816/versions/0/pdf/ |
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