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MN HF131

Bill

Official Source

Status

Passed

5/15/2013

Primary Sponsor

Linda Slocum

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Estate sale conductors must post a corporate surety bond of at least $20,000 with the county treasurer before conducting an estate sale
  • Bond must be filed in the county where the estate sale takes place or where the conductor resides, and conditioned on compliance with all contracts and relevant laws
  • Estate sale conductor includes any individual, including auctioneers, who conducts a sale of household or personal property for compensation, but excludes auctions
  • Licensed certified public accountants and licensed attorneys are exempt from the bonding requirement
  • Effective January 1, 2014, and applies to all estate sales conducted on or after that date

Legislative Description

Estate sale conductors required to post a bond to protect owners of property to be sold.

Last Action

Secretary of State Chapter 60 05/13/13

5/15/2013

Committee Referrals

Rules and Administration4/15/2013
Civil Law3/13/2013
Commerce and Consumer Protection Finance and Policy1/22/2013

Full Bill Text

No bill text available