reglab/housing_qa huggingface dataset:
MN Stat § 80B.09 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80B — Corporate Takeovers|Section 80B.09 — Injunctions.

80B.09 INJUNCTIONS. Whenever it appears to the commissioner that any person, including a controlling person of an offeror or target company, has engaged or is about to engage in any act or practice constituting a violation of sections 80B.01 to 80B.13 or any rule or order hereunder, the commissioner (1) may issue and cause to be served upon any person violating any of the provisions of sections 80B.01 to 80B.13 an order requiring the person guilty thereof to cease and desist therefrom; and (2) may bring an action in the district court of the appropriate county to enjoin the acts or practices and to enforce compliance with sections 80B.01 to 80B.13 or any rule or order hereunder, or may refer the matter to the attorney general or the county attorney of the appropriate county. Upon a proper showing, the court may grant a permanent or temporary injunction or restraining order and may order rescission of any sales or purchases of securities determined to be unlawful under sections 80B.01 to 80B.13 or any rule or order hereunder. The court may not require the commissioner to post a bond. History:  1973 c 331 s 9; 1986 c 444
MN Stat § 80B.10 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80B — Corporate Takeovers|Section 80B.10 — Penalties.

80B.10 PENALTIES. Subdivision 1. Civil and criminal penalties. Any person, including a controlling person of an offeror or target company, who willfully violates any provision of sections 80B.01 to 80B.13 or any rule thereunder, or any order of the commissioner of which this person has notice, may be fined not more than $25,000 or imprisoned not more than five years or both. Each of the acts specified shall constitute a separate offense and a prosecution or conviction for any one of such offenses shall not bar prosecution or conviction for any other offense. No indictment or information may be returned under sections 80B.01 to 80B.13 more than six years after the alleged violation. Subd. 2. Referral of evidence to criminal prosecutors. The commissioner may refer such evidence as is available concerning violations of sections 80B.01 to 80B.13 or of any rule or order hereunder to the attorney general or the county attorney of the appropriate county who may, with or without any reference, institute the appropriate criminal proceedings under sections 80B.01 to 80B.13. A county attorney, on receiving a referral, shall within 90 days file with the commissioner a statement concerning any action taken or, if no action has been taken, the reasons therefor. Subd. 3. Impact of chapter on other crimes. Nothing in sections 80B.01 to 80B.13 limits the power of the state to punish any person for any conduct which constitutes a crime under any other statute. Subd. 4. Effect on shares. All shares of a target company incorporated under the laws of this state acquired from a Minnesota resident in violation of any provision of this chapter or any rule hereunder, or any order of the commissioner of which the person has notice, shall be denied voting rights for one year after acquisition, the shares shall be nontransferable on the books of the target company for one year after acquisition and the target company shall, during this one-year period, have the option to call the shares for redemption at the price at which the shares were acquired. Such a redemption shall occur on the date set in the call notice but not later than 60 days after the call notice is given. Subd. 5. Rights of action. Offerors, offerees, and target companies may sue at law or in equity to enforce the provisions of this chapter. History:  1973 c 331 s 10; 1984 c 488 s 13; 1Sp1985 c 5 s 12-14; 1986 c 444
MN Stat § 80B.11 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80B — Corporate Takeovers|Section 80B.11 — Civil Liabilities.

80B.11 CIVIL LIABILITIES. Subdivision 1. Private remedy. Any offeror who purchases a security in connection with a takeover offer in violation of sections 80B.01 to 80B.13 shall be liable to the person selling the security to the offeror who may sue either at law or in equity. In an action for rescission the seller shall be entitled to recover the security, plus any income received by the purchaser thereon, upon tender of the consideration received. Tender requires only notice of willingness to pay the amount specified in exchange for the security. Any notice may be given by service as in civil actions or by certified mail to the last known address of the person liable. Damages are the excess of either the value of the security on the date of purchase or its present value, whichever is greater, over the present value of the consideration received for the security. Subd. 2. Joint and several liability. Every person who directly or indirectly controls a person liable under subdivision 1, every partner, principal executive officer or director of such person, every person occupying a similar status or performing similar functions, every employee of such person who materially aids in the act or transaction constituting the violation, and every broker-dealer or agent who materially aids in the act or transaction constituting the violation, is also liable jointly or severally with and to the same extent as such person. Persons who would otherwise be so liable but who prove that they did not know, and in the exercise of reasonable care could not have known, of the existence of the facts by reason of which the liability is alleged to exist are not liable. There is contribution as in cases of contract among the several persons so liable. Subd. 3. Limitation on actions. No action may be maintained under this section unless commenced before the expiration of three years after the act or transaction constituting the violation or the expiration of one year after the discovery of the facts constituting the violation, whichever first expires. Subd. 4. Rights and remedies cumulative. The rights and remedies under sections 80B.01 to 80B.13 are in addition to any other rights or remedies that may exist at law or in equity. History:  1973 c 331 s 11; 1986 c 444
MN Stat § 80B.12 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80B — Corporate Takeovers|Section 80B.12 — Application Of Corporate Takeover Law.

80B.12 APPLICATION OF CORPORATE TAKEOVER LAW. Subdivision 1.  [Repealed, 1984 c 488 s 19] Subd. 2. Nonapplication to certain utilities and financial institutions. If the target company is a public utility, public utility holding company, national banking association, bank holding company or savings association subject to regulation by a federal agency and the takeover of such company is subject to approval by that agency sections 80B.01 to 80B.13 shall not apply. Subd. 3.  [Repealed, 1984 c 488 s 19] History:  1973 c 331 s 12; 1980 c 614 s 123; 1995 c 202 art 1 s 25
MN Stat § 80B.13 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80B — Corporate Takeovers|Section 80B.13 — Application Of Securities Law.

80B.13 APPLICATION OF SECURITIES LAW. All of the provisions of chapter 80A, which are not in conflict with sections 80B.01 to 80B.13 shall apply to any takeover offer involving a target company in this state. History:  1973 c 331 s 13; 1974 c 406 s 100
MN Stat § 80C.02 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.02 — Registration Requirement.

80C.02 REGISTRATION REQUIREMENT. No person may offer or sell any franchise in this state unless there is an effective registration statement on file in accordance with the provisions of sections 80C.01 to 80C.22 or unless the franchise or transaction is exempted under section 80C.03. History:   1973 c 612 s 2
MN Stat § 80C.05 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.05 — Registration Provisions.

80C.05 REGISTRATION PROVISIONS. Subdivision 1. Signing and verification required. Every application for registration, including amendments thereto, and annual report shall be signed and verified by the applicant and by the franchisor and subfranchisor on whose behalf the offering is to be made. Subd. 2. Commissioner's powers. The commissioner shall have power to place such conditions, limitations, and restrictions on any registration as may be necessary to carry out the purposes of sections 80C.01 to 80C.22. Upon compliance with the provisions of sections 80C.01 to 80C.22 and other requirements of the commissioner, and if the commissioner finds no ground for denial of the registration, the commissioner shall register the franchise. Registration shall be by entry in a book called Register of Franchises, which entry shall show the franchise registered and for whom registered, and shall specify the conditions, limitations, and restrictions upon such registration, if any, or shall make proper reference to a formal order of the commissioner on file showing such conditions, limitations, and restrictions. The registration shall become effective upon issuance by the commissioner of an order for registration. Subd. 3. Escrow or impoundment of fees and other funds by commissioner. If the commissioner finds that the applicant has failed to demonstrate that adequate financial arrangements have been made to fulfill obligations to provide real estate, improvements, equipment, inventory, training or other items included in the offering, the commissioner may by rule or order require the escrow or impoundment of franchise fees and other funds paid by the franchisee or subfranchisor until no later than the time of opening of the franchise business. Subd. 4. Withdrawal due to inactivity. If no activity occurs with respect to an application for registration for a period of 120 days, the commissioner may by order declare the application withdrawn. History:  1973 c 612 s 5; 1996 c 439 art 2 s 17; 2000 c 483 s 42
MN Stat § 80C.07 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.07 — Amendment Of Registration.

80C.07 AMENDMENT OF REGISTRATION. A person with a registration in effect shall, within 30 days after the occurrence of any material change in the information on file with the commissioner, notify the commissioner in writing of the change by an application to amend the registration accompanied by a fee of $100. The commissioner may by rule define what shall be considered a material change for such purposes, and may determine the circumstances under which a revised public offering statement must accompany the application. If the amendment is approved by the commissioner, it shall become effective upon the issuance by the commissioner of an order amending the registration. The commissioner may withdraw an amendment application that has not become effective. If no activity occurs with respect to the application for a period of 120 days, the commissioner may by order declare the application withdrawn. History:  1973 c 612 s 7; 1991 c 233 s 46; 2000 c 483 s 43
MN Stat § 80C.08 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.08 — Annual Report.

80C.08 ANNUAL REPORT. Subdivision 1. Filing; fee. Within 120 days after the fiscal year end of the registrant, the registrant shall file a report in the form prescribed by rule of the commissioner. A fee of $200 shall accompany the annual report. Subd. 2. Noncompliance. Failure to file the annual report and pay the fee shall constitute cause for cancellation of the registration. In the event of such cancellation, registration may be reinstated at a subsequent date following filing of the report and payment of the fee. History:  1973 c 612 s 8; 1977 c 9 s 2; 1991 c 233 s 47
MN Stat § 80C.09 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.09 — Advertising.

80C.09 ADVERTISING. Subdivision 1. Filed copy required. No person shall publish or cause to be published in this state any advertisement offering a franchise subject to the registration requirements of sections 80C.01 to 80C.22 unless a true copy of the advertisement has been filed in the office of the commissioner at least five business days prior to the first publication thereof, or at such later time as the commissioner by rule or order may allow, unless such advertisement has been exempted by rule of the commissioner. Subd. 2. False, misleading, or deficient ads; commissioner notification. No person shall publish or cause to be published in this state any advertisement concerning any franchise after the commissioner has found that the advertisement contains any statement that is false or misleading or omits to make any statement necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading, and has so notified the person by written order. The order may be issued without prior notice or hearing. At any time after the issuance of the order, the person desiring to use the advertisement may in writing request a hearing on the order. Upon the receipt of such a written request, the matter shall be set for hearing to commence within 15 days after such receipt unless the person making the request consents to a later date. After the hearing, which shall be conducted in accordance with the provisions of chapter 14, the commissioner shall, by written order, either affirm, modify, or vacate the order. History:  1973 c 612 s 9; 1977 c 9 s 3; 1982 c 424 s 130
MN Stat § 80C.10 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.10 — Books, Records And Accounts.

80C.10 BOOKS, RECORDS AND ACCOUNTS. Every franchisor or subfranchisor offering franchises for sale in this state shall at all times keep and maintain a complete set of books, records and accounts of such sales, which shall at all times be open to inspection by the commissioner. History:   1973 c 612 s 10
MN Stat § 80C.11 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.11 — Opinions, Appraisals, And Reports.

80C.11 OPINIONS, APPRAISALS, AND REPORTS. The commissioner may accept and act upon the opinions, appraisals and reports of any independent engineers, appraisers, or other independent experts which may be presented by an applicant or any interested party, on any question of fact concerning or affecting the franchises proposed to be offered and sold. The commissioner may also have any or all matters concerning or affecting such franchises investigated, appraised, passed upon and certified by engineers, appraisers or other experts selected by the commissioner. History:  1973 c 612 s 11; 1986 c 444
MN Stat § 80C.13 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.13 — Prohibited Practices.

80C.13 PROHIBITED PRACTICES. Subdivision 1. Documents; untrue material facts and omitted material changes. No person may make or cause to be made any untrue statement of a material fact in any application, notice, report, or other document filed with the commissioner under sections 80C.01 to 80C.22, or omit to state in any such application, notice, report or other document any material fact which is required to be stated therein, or fail to notify the commissioner of any material change as required by section 80C.07. Subd. 2. Communications; untrue or omitted material facts. No person may offer or sell a franchise in this state by means of any written or oral communication which includes an untrue statement of a material fact or which omits to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading. Subd. 3. Misrepresentations related to registration and filing. No person may represent or cause to be represented to any prospective purchaser of a franchise that the filing of any document under sections 80C.01 to 80C.22 or the registration or exemption from registration of a franchise constitutes a finding by the commissioner that any document filed under sections 80C.01 to 80C.22 is true, complete, and not misleading, or that the commissioner has passed in any way upon the merits of any franchise, and no person may represent that a franchise is registered or exempted from registration when in fact, such is not the case. History:   1973 c 612 s 13
MN Stat § 80C.144 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.144 — Exempt Motor Fuel Franchises; Alternative Compliance.

80C.144 EXEMPT MOTOR FUEL FRANCHISES; ALTERNATIVE COMPLIANCE. A motor fuel franchise exempt from regulation under this chapter pursuant to section 80C.01, subdivision 4, paragraph (f), is subject to regulation under chapter 80F. History:  2006 c 252 s 2; 2006 c 281 art 4 s 3
MN Stat § 80C.147 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.147 — Change In Ownership.

80C.147 CHANGE IN OWNERSHIP. A motor vehicle fuel franchisor, or an affiliate of such franchisor, who (1) determines to sell or transfer its interests in marketing premises occupied by a franchisee, and (2) in connection with such sale or transfer assigns its interest as a franchisor in a franchise agreement applicable to such premises, shall offer to the franchisee occupying the premises those rights contained in United States Code, title 15, section 2802(b)(3)(D)(iii)(I) or (II). History:  2000 c 456 s 5; 2001 c 7 s 19; 2001 c 48 s 1; 2002 c 249 s 1
MN Stat § 80C.16 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.16 — Enforcement; Penalties And Remedies.

80C.16 ENFORCEMENT; PENALTIES AND REMEDIES. Subdivision 1.  [Repealed, 1987 c 336 s 47] Subd. 2. Civil penalties and remedies. Any person who violates section 80C.02, 80C.06, 80C.09, 80C.13 or 80C.14 shall be subject to a fine of not more than $2,000 for each violation. Any person who fails to comply with a final judgment or order rendered by a court of competent jurisdiction, issued for a violation of sections 80C.01 to 80C.22, shall be subject to a fine of not more than $25,000. The fines authorized by this subdivision shall be imposed in a civil action brought by the attorney general on behalf of the state of Minnesota, and shall be deposited into the state treasury. Subd. 3. Criminal penalties. (a) Any person who willfully violates any provision of sections 80C.01 to 80C.22 shall be fined not more than $10,000 or imprisoned not more than five years, or both. (b) Any person who employs, directly or indirectly, any device, scheme or artifice to defraud in connection with the offer or sale of any franchise or engages, directly or indirectly, in any act, practice or course of business which operates or would operate as a fraud or deceit upon any person in connection with the offer, purchase or sale of any franchise shall be fined not more than $10,000 or imprisoned not more than five years, or both. (c) Nothing in this subdivision limits the power of the state to punish any person for any conduct which constitutes a crime under any other statute. History:  1973 c 612 s 16; 1984 c 628 art 3 s 11; 1986 c 444
MN Stat § 80C.17 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.17 — Civil Liability.

80C.17 CIVIL LIABILITY. Subdivision 1. Damages, rescission, and other relief. A person who violates any provision of this chapter or any rule or order thereunder shall be liable to the franchisee or subfranchisor who may sue for damages caused thereby, for rescission, or other relief as the court may deem appropriate. Subd. 2. Joint and several liability. Every person who directly or indirectly controls a person liable under subdivision 1, every partner in a firm so liable, every principal executive officer or director of a corporation so liable, every person occupying a similar status or performing similar functions and every employee of a person so liable who materially aids in the act or transaction constituting the violation is also liable jointly and severally with and to the same extent as such person, unless the person who would otherwise be liable hereunder had no knowledge of or reasonable grounds to know of the existence of the facts by reason of which the liability is alleged to exist. Subd. 3. Recovery. Any suit authorized under this section may be brought to recover the actual damages sustained by the plaintiff together with costs and disbursements plus reasonable attorney's fees. Subd. 4. Scope. Except as explicitly provided in this section, no civil liability in favor of any private party shall arise against any person by implication from or as a result of the violation of any provision of sections 80C.01 to 80C.22 or any rule or order thereunder. Nothing herein shall limit any liability which may exist by virtue of any other statute or under common law if sections 80C.01 to 80C.22 were not in effect. Subd. 5. Limitation on actions. No action may be commenced pursuant to this section more than three years after the cause of action accrues. History:  1973 c 612 s 17; 1981 c 165 s 6; 1987 c 336 s 19; 1993 c 372 s 1,2
MN Stat § 80C.18 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80C — Franchises|Section 80C.18 — Administrative Pronouncements.

80C.18 ADMINISTRATIVE PRONOUNCEMENTS. Subdivision 1. Rulemaking. The commissioner may promulgate rules to carry out the provisions of sections 80C.01 to 80C.22, including rules and forms governing public offering statements, applications, financial statements and annual reports, and defining any terms, whether or not used in sections 80C.01 to 80C.22, insofar as the definitions are not inconsistent with sections 80C.01 to 80C.22. The commissioner may define by rule false, fraudulent or deceptive practices in the offer and sale of franchises. For the purpose of rules and forms the commissioner may classify franchises, persons and matters within the commissioner's jurisdiction, and prescribe different requirements for different classes. Rules shall be promulgated in accordance with chapter 14. Subd. 2. Interpretive opinions. The commissioner may, upon request and upon payment of a fee of $50, honor requests for interpretive opinions relating to sections 80C.01 to 80C.22. History:  1973 c 612 s 18; 1981 c 165 s 7; 1985 c 248 s 70; 1986 c 444; 1993 c 13 art 1 s 21