Source: https://www.revisor.mn.gov/statutes/2019/cite/515B.4-106
Timestamp: 2020-02-28 09:21:17
Document Index: 353973608

Matched Legal Cases: ['art 4', 'art 1', 'art 2', 'art 4', 'art 2', 'art 1', 'art 4']

﻿ Sec. 515B.4-106 MN Statutes
Section 515B.4-106
515B.4-105 515B.4-107
2017 515B.4-106 Amended 2017 c 38 s 1
2010 515B.4-106 Amended 2010 c 267 art 4 s 5
2005 515B.4-106 Amended 2005 c 7 s 23
2005 515B.4-106 Amended 2005 c 121 s 37
2004 515B.4-106 Amended 2004 c 203 art 1 s 7
2000 515B.4-106 Amended 2000 c 260 s 78
1999 515B.4-106 Amended 1999 c 11 art 2 s 27
(a) A person required to deliver a disclosure statement pursuant to section 515B.4-101 (b) shall provide at least one of the purchasers of the unit with a copy of the disclosure statement and all amendments thereto before conveyance of the unit. If a purchaser is not given a disclosure statement more than ten days before execution of the purchase agreement, the purchaser may, before conveyance, cancel the purchase agreement within ten days after first receiving the disclosure statement. If a purchaser is given the disclosure statement more than ten days before execution of the purchase agreement, the purchaser may not cancel the purchase agreement pursuant to this section. The ten-day rescission period may be modified or waived, in writing, by agreement of the purchaser of a unit only after the purchaser has received and had an opportunity to review the disclosure statement. The person required to deliver a disclosure statement may not condition the sale of the unit on the purchaser agreeing to modify or waive the purchaser's ten-day right of rescission, may not contractually obligate the purchaser to modify or waive the purchaser's ten-day right of rescission, and may not include a modification or waiver of the ten-day right of rescission in any purchase agreement for the unit. To be effective, a modification or waiver of a purchaser's ten-day right of rescission must be evidenced by an instrument separate from the purchase agreement signed by the purchaser more than three days after the purchaser receives the disclosure statement.
1993 c 222 art 4 s 6; 1999 c 11 art 2 s 27; 2000 c 260 s 78; 2004 c 203 art 1 s 7; 2005 c 121 s 37; 1Sp2005 c 7 s 23; 2010 c 267 art 4 s 5; 2017 c 38 s 1