Source: https://www.revisor.mn.gov/statutes/2019/cite/336.8-103
Timestamp: 2020-06-04 08:27:08
Document Index: 487947475

Matched Legal Cases: ['art 5', 'art 2', 'art 1', 'art 1', 'art 1', 'art 1', 'art 2', 'art 5']

﻿ Sec. 336.8-103 MN Statutes
Section 336.8-103
336.8-102 336.8-104
2004 336.8-103 Amended 2004 c 162 art 5 s 17
2000 336.8-103 Amended 2000 c 399 art 2 s 15
1996 336.8-103 Amended 1996 c 361 s 53
1995 336.8-103 Repealed 1995 c 194 art 1 s 53
1995 336.8-103 New 1995 c 194 art 1 s 3
336.8-103 MS 1994 [Repealed, 1995 c 194 art 1 s 53]
336.8-103 RULES FOR DETERMINING WHETHER CERTAIN OBLIGATIONS AND INTERESTS ARE SECURITIES OR FINANCIAL ASSETS.
(c) An interest in a partnership or limited liability company is a general intangible and is not a security or a financial asset, except as follows:
(1) An interest in a partnership or limited liability company is a security and is not a general intangible if it is dealt in or traded on a securities exchange or in a securities market, its terms expressly provide that it is a security governed by this article, or it is an investment company security.
(2) An interest in a partnership or limited liability company is a financial asset and is not a general intangible if it is held in a securities account.
(f) A commodity contract, as defined in section 336.9-102(a)(15), is not a security or a financial asset.
(g) A document of title is not a financial asset unless section 336.8-102(a)(9)(iii) applies.
1995 c 194 art 1 s 3; 1996 c 361 s 53; 2000 c 399 art 2 s 15; 2004 c 162 art 5 s 17