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MN SF316

Bill

Official Source

Status

Introduced

2/6/2013

Primary Sponsor

Barbara Goodwin

Click for details

Origin

Senate

88th Legislature 2013-2014

AI Summary

  • Requires estate sale conductors to 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 will take place or where the conductor resides
  • Applies to all individuals conducting estate sales for compensation, including auctioneers, regardless of other bonding requirements
  • Bond protects property owners by ensuring the estate sale conductor complies with applicable laws and contractual obligations
  • Effective January 1, 2014, for all estate sales conducted on or after that date

Legislative Description

Estate sale conductors corporate surety bond posting requirement

Last Action

HF substituted on General Orders HF131

4/16/2013

Committee Referrals

Judiciary2/21/2013
Commerce2/6/2013

Full Bill Text

No bill text available