MN SF2327

Requires estate sale conductors to post a corporate surety bond of at least $20,000 with the county before conducting an estate sale.

Bond must be filed with and approved by the county treasurer in the county where the estate sale will occur or where the conductor resides.

Defines "estate sale conductor" as any individual, including auctioneers, who contracts to conduct an estate sale for financial compensation and performs services such as advertising, pricing, selling, and payment accounting.

Auctioneers conducting estate sales must post the $20,000 bond in addition to any bond already required under auctioneer licensing laws.

Effective January 1, 2013, and applies to all estate sales conducted on or after that date.