reglab/housing_qa huggingface dataset:
MN Stat § 80A.71 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.71 — Section 504; Filing Of Sales And Advertising Literature.

80A.71 SECTION 504; FILING OF SALES AND ADVERTISING LITERATURE. (a) Filing requirement. Except as otherwise provided in subsection (b), a rule adopted or order issued under this chapter may require the filing of a prospectus, pamphlet, circular, form letter, advertisement, sales literature, or other advertising record relating to a security or investment advice, addressed or intended for distribution to prospective investors, including clients or prospective clients of a person registered or required to be registered as an investment adviser under this chapter. (b) Excluded communications. This section does not apply to sales and advertising literature specified in subsection (a) which relates to a federal covered security, a federal covered investment adviser, or a security or transaction exempted by section 80A.45, 80A.46, or 80A.47 except as required pursuant to section 80A.45(7). History:  2006 c 196 art 1 s 31,52
MN Stat § 80A.72 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.72 — Section 505; Misleading Filings.

80A.72 SECTION 505; MISLEADING FILINGS. It is unlawful for a person to make or cause to be made, in a record that is used in an action or proceeding or filed under this chapter other than a contested case hearing, a statement that, at the time and in the light of the circumstances under which it is made, is false or misleading in a material respect, or, in connection with the statement, to omit to state a material fact necessary to make the statement made, in the light of the circumstances under which it was made, not false or misleading. History:  2006 c 196 art 1 s 32,52
MN Stat § 80A.73 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.73 — Section 506; Misrepresentations Concerning Registration Or Exemption.

80A.73 SECTION 506; MISREPRESENTATIONS CONCERNING REGISTRATION OR EXEMPTION. The filing of an application for registration, a registration statement, a notice filing under this chapter, the registration of a person, the notice filing by a person, or the registration of a security under this chapter does not constitute a finding by the administrator that a record filed under this chapter is true, complete, and not misleading. The filing or registration or the availability of an exemption, exception, preemption, or exclusion for a security or a transaction does not mean that the administrator has passed upon the merits or qualifications of, or recommended or given approval to, a person, security, or transaction. It is unlawful to make, or cause to be made, to a purchaser, customer, client, or prospective customer or client a representation inconsistent with this section. History:  2006 c 196 art 1 s 33,52
MN Stat § 80A.74 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.74 — Section 507; Qualified Immunity.

80A.74 SECTION 507; QUALIFIED IMMUNITY. A broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative is not liable to another broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative for defamation relating to a statement that is contained in a record required by the administrator, or designee of the administrator, the Securities and Exchange Commission, or a self-regulatory organization, unless the person knew, or should have known at the time that the statement was made, that is was false in a material respect or the person acted in reckless disregard of the statement's truth or falsity. History:  2006 c 196 art 1 s 34,52
MN Stat § 80A.75 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.75 — Section 508; Criminal Penalties.

80A.75 SECTION 508; CRIMINAL PENALTIES. (a) Criminal penalties. A person that willfully violates this chapter, or a rule adopted or order issued under this chapter, except section 80A.71 or the notice filing requirements of section 80A.50 or 80A.60, or that willfully violates section 80A.72 knowing the statement made to be false or misleading in a material respect, upon conviction, shall be fined not more than $10,000 or imprisoned not more than five years or both. Each of the acts specified constitutes a separate offense and a prosecution or conviction for any such offense does not bar prosecution or conviction for any other offense. (b) Criminal reference not required. The attorney general with or without a reference from the administrator, may institute criminal proceedings under this chapter. (c) No limitation on other criminal enforcement. This chapter does not limit the power of this state to punish a person for conduct that constitutes a crime under other laws of this state. History:  2006 c 196 art 1 s 35,52
MN Stat § 80A.78 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.78 — Section 601; Administration.

80A.78 SECTION 601; ADMINISTRATION. (a) Administration. The administrator shall administer this chapter. (b) Unlawful use of records or information. It is unlawful for the administrator or an officer, employee, or designee of the administrator to use for personal benefit or the benefit of others records or other information obtained by or filed with the administrator that are not public under section 80A.84(b). This chapter does not authorize the administrator or an officer, employee, or designee of the administrator to disclose the record or information, except in accordance with section 80A.79, 80A.84(c), or 80A.85. (c) No privilege or exemption created or diminished. This chapter does not create or diminish a privilege or exemption that exists at common law, by statute or rule, or otherwise. (d) Investor education. The administrator may develop and implement investor education initiatives to inform the public about investing in securities, with particular emphasis on the prevention and detection of securities fraud. In developing and implementing these initiatives, the administrator may collaborate with public and nonprofit organizations with an interest in investor education. The administrator may accept a grant or donation from a person that is not affiliated with the securities industry or from a nonprofit organization, regardless of whether the organization is affiliated with the securities industry, to develop and implement investor education initiatives. This subsection does not authorize the administrator to require participation or monetary contributions of a registrant in an investor education program. History:  2006 c 196 art 1 s 38,52
MN Stat § 80A.80 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.80 — Section 603; Civil Enforcement.

80A.80 SECTION 603; CIVIL ENFORCEMENT. (a) Civil action instituted by administrator. If the administrator believes that a person has engaged, is engaging, or is about to engage in an act, practice, or course of business constituting a violation of this chapter or a rule adopted or order issued under this chapter or that a person has, is, or is about to engage in an act, practice, or course of business that materially aids a violation of this chapter or a rule adopted or order issued under this chapter, the administrator may maintain an action in the district court to enjoin the act, practice, or course of business and to enforce compliance with this chapter or a rule adopted or order issued under this chapter. (b) Relief available. In an action under this section and on a proper showing, the court may: (1) issue a permanent or temporary injunction, restraining order, or declaratory judgment; (2) order other appropriate or ancillary relief, which may include: (A) an asset freeze, accounting, writ of attachment, writ of general or specific execution, and appointment of a receiver or conservator, that may be the administrator, for the defendant or the defendant's assets; (B) ordering the administrator to take charge and control of a defendant's property, including investment accounts and accounts in a depository institution, rents, and profits; to collect debts; and to acquire and dispose of property; (C) imposing a civil penalty up to $10,000 for each violation; an order of rescission, restitution, or disgorgement directed to a person that has engaged in an act, practice, or course of business constituting a violation of this chapter or the predecessor act or a rule adopted or order issued under this chapter or the predecessor act; and (D) ordering the payment of prejudgment and postjudgment interest; or (3) order such other relief as the court considers appropriate. (c) No bond required. The administrator may not be required to post a bond in an action or proceeding under this chapter. History:  2006 c 196 art 1 s 40,52
MN Stat § 80A.83 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.83 — Section 606; Administrative Files And Opinions.

80A.83 SECTION 606; ADMINISTRATIVE FILES AND OPINIONS. (a) Public register of filings. The administrator shall maintain, or designate a person to maintain, a register of applications for registration of securities; registration statements; notice filings; applications for registration of broker-dealers, agents, and investment advisers; notice filings by federal covered investment advisers that are or have been effective under this chapter or the predecessor act; notices of claims of exemption from registration or notice filing requirements contained in a record; orders issued under this chapter or the predecessor act; and interpretative opinions or no action determinations issued under this chapter. (b) Public availability. The administrator shall make all rules, forms, interpretative opinions, and orders available to the public. (c) Copies of public records. The administrator shall furnish a copy of a record that is a public record or a certification that the public record does not exist to a person that so requests. A rule adopted under this chapter may establish a reasonable charge for furnishing the record or certification. A copy of the record certified or a certificate by the administrator of a record's nonexistence is prima facie evidence of a record or its nonexistence. History:  2006 c 196 art 1 s 43,52; 2008 c 256 s 18
MN Stat § 80A.84 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.84 — Section 607; Public Records; Confidentiality.

80A.84 SECTION 607; PUBLIC RECORDS; CONFIDENTIALITY. (a) Presumption of public records. Except as otherwise provided in subsection (b), records obtained by the administrator or filed under this chapter, including a record contained in or filed with a registration statement, application, notice filing, or report, are public records and are available for public examination. (b) Nonpublic records. The following records are not public records and are not available for public examination under subsection (a): (1) a record obtained by the administrator in connection with an audit or inspection under section 80A.66 (e) or an investigation under section 80A.79; (2) a part of a record filed in connection with a registration statement under sections 80A.49 and 80A.51 through 80A.53 or a record under section 80A.66(d) that contains trade secrets or confidential information if the person filing the registration statement or report has asserted a claim of confidentiality or privilege that is authorized by law; (3) a record that is not required to be provided to the administrator or filed under this chapter and is provided to the administrator only on the condition that the record will not be subject to public examination or disclosure; (4) a nonpublic record received from a person specified in section 80A.85(a); (5) any social security number, residential address unless used as a business address, and residential telephone number contained in a record that is filed; (6) a record obtained by the administrator through a designee of the administrator that a rule or order under this chapter determines has been: (A) expunged from the administrator's records by the designee; or (B) determined to be nonpublic or nondisclosable by that designee if the administrator finds the determination to be in the public interest and for the protection of investors; and (7) a record furnished to the administrator by a portal operator under section 80A.461, subdivision 7, paragraph (e). (c) Administrator discretion to disclose. If disclosure is for the purpose of a civil, administrative, or criminal investigation, action, or proceeding or to a person specified in section 80A.85(a), the administrator may disclose a record obtained in connection with an audit or inspection under section 80A.66(e) or a record obtained in connection with an investigation under section 80A.79. History:  2006 c 196 art 1 s 44,52; 1Sp2015 c 1 art 3 s 13; 2019 c 59 s 4
MN Stat § 80A.86 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.86 — Section 609; Judicial Review.

80A.86 SECTION 609; JUDICIAL REVIEW. (a) Judicial review of orders. A final order issued by the administrator under this chapter is subject to judicial review in accordance with chapter 14. (b) Judicial review of rules. A rule adopted under this chapter is subject to judicial review in accordance with chapter 14. History:  2006 c 196 art 1 s 46,52
MN Stat § 80A.88 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.88 — Section 611; Service Of Process.

80A.88 SECTION 611; SERVICE OF PROCESS. (a) Signed consent to service of process. A consent to service of process complying with this section required by this chapter must be signed and filed in the form required by a rule or order under this chapter. A consent appointing the administrator the person's agent for service of process in a noncriminal action or proceeding against the person, or the person's successor or personal representative under this chapter or a rule adopted or order issued under this chapter after the consent is filed, has the same force and validity as if the service were made personally on the person filing the consent. A person that has filed a consent complying with this subsection in connection with a previous application for registration or notice filing need not file an additional consent. (b) Conduct constituting appointment of agent for service. If a person, including a nonresident of this state, engages in an act, practice, or course of business prohibited or made actionable by this chapter or a rule adopted or order issued under this chapter and the person has not filed a consent to service of process under subsection (a), the act, practice, or course of business constitutes the appointment of the administrator as the person's agent for service of process in a noncriminal action or proceeding against the person or the person's successor or personal representative. (c) Procedure for service of process. Service under subsection (a) or (b) may be made by providing a copy of the process to the office of the administrator, but it is not effective unless: (1) the plaintiff, which may be the administrator, promptly sends notice of the service and a copy of the process, return receipt requested, to the defendant or respondent at the address set forth in the consent to service of process or, if a consent to service of process has not been filed, at the last known address, or takes other reasonable steps to give notice; and (2) the plaintiff files an affidavit of compliance with this subsection in the action or proceeding on or before the return day of the process, if any, or within the time that the court, or the administrator in a proceeding before the administrator, allows. (d) Service in administrative proceedings or civil actions by administrator. Service pursuant to subsection (c) may be used in a proceeding before the administrator or by the administrator in a civil action in which the administrator is the moving party. (e) Opportunity to defend. If process is served under subsection (c), the court, or the administrator in a proceeding before the administrator, shall order continuances as are necessary or appropriate to afford the defendant or respondent reasonable opportunity to defend. History:  2006 c 196 art 1 s 48,52
MN Stat § 80A.89 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.89 — Section 612; Severability Clause.

80A.89 SECTION 612; SEVERABILITY CLAUSE. If any provision of this chapter or its application to any person or circumstances is held invalid, the invalidity does not affect other provisions or applications of this chapter that can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable. History:  2006 c 196 art 1 s 49,52
MN Stat § 80A.90 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.90 — Section 703; Application Of Act To Existing Proceeding And Existing Rights And Duties.

80A.90 SECTION 703; APPLICATION OF ACT TO EXISTING PROCEEDING AND EXISTING RIGHTS AND DUTIES. (a) Applicability of predecessor act to pending proceedings and existing rights. The predecessor act exclusively governs all actions or proceedings that are pending on August 1, 2007, or may be instituted on the basis of conduct occurring before August 1, 2007, but a civil action may not be maintained to enforce any liability under the predecessor act unless instituted within any period of limitation that applied when the cause of action accrued or within five years after August 1, 2007, whichever is earlier. (b) Continued effectiveness under predecessor act. All effective registrations under the predecessor act, all administrative orders relating to the registrations, rules, statements of policy, interpretative opinions, declaratory rulings, no action determinations, and conditions imposed on the registrations under the predecessor act remain in effect while they would have remained in effect if this chapter had not been enacted. They are considered to have been filed, issued, or composed under this chapter, but are exclusively governed by the predecessor act. (c) Applicability of predecessor act to offers or sales. The predecessor act exclusively applies to an offer or sale made within one year after August 1, 2007, pursuant to an offering made in good faith before August 1, 2007, on the basis of an exemption available under the predecessor act. History:  2006 c 196 art 1 s 50,52
MN Stat § 80A.91 (2021)
2021 Minnesota Statutes|Chapters 80 - 80A — Securities|Chapter 80A — Regulation Of Securities|Section 80A.91 — Agent Errors And Omissions Insurance; Choice Of Source.

80A.91 AGENT ERRORS AND OMISSIONS INSURANCE; CHOICE OF SOURCE. A broker-dealer shall not require an agent to maintain insurance coverage for the agent's errors and omissions from a specific insurance company. This section does not apply if the agent is an employee of that broker-dealer, or if the broker-dealer or affiliated insurance company contributes to the premiums for the errors and omissions coverage. Nothing in this section shall prohibit a broker-dealer from requiring an agent to maintain errors and omissions coverage or requiring that the errors and omissions coverage meet certain criteria. History:   2009 c 178 art 1 s 49
MN Stat § 80B.04 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80B — Corporate Takeovers|Section 80B.04 — Filing Of Solicitation Materials.

80B.04 FILING OF SOLICITATION MATERIALS. Copies of all advertisements, circulars, letters or other materials published by the offeror or the target company, soliciting or requesting the acceptance or rejection of the takeover offer, shall be filed with the commissioner and sent to the target company or offeror, respectively, not later than the time copies of such solicitation materials are first published or used or sent to offerees. The commissioner may prohibit the use of any solicitation materials deemed false or misleading. History:   1973 c 331 s 4
MN Stat § 80B.06 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80B — Corporate Takeovers|Section 80B.06 — Limitations On Offerors.

80B.06 LIMITATIONS ON OFFERORS. Subdivision 1. Uniformity of terms. No offeror may make a takeover offer which is not made to stockholders in this state on substantially the same terms as the offer is made to stockholders outside this state. Subd. 2. Right to withdraw equity securities. An offeror shall provide that any equity securities of a target company deposited or tendered pursuant to a takeover offer may be withdrawn by or on behalf of any offeree at any time within seven days from the date the offer has become effective under sections 80B.01 to 80B.13 and after 60 days from the date the offer has become effective under sections 80B.01 to 80B.13, except as the commissioner may otherwise prescribe by rule or order for the protection of investors. Subd. 3.  [Repealed, 1Sp1985 c 5 s 20] Subd. 4.  [Repealed, 1Sp1985 c 5 s 20] Subd. 5. Affect of allegations of securities-related violations. No offeror may make a takeover offer or acquire any equity securities in this state pursuant to the takeover offer, at any time when any proceeding by the commissioner is pending against the offeror alleging a violation of any provision of sections 80B.01 to 80B.13 or chapter 80A. Subd. 6.  [Repealed, 1Sp1985 c 5 s 20] Subd. 7.  [Repealed, 1991 c 58 s 16] History:  1973 c 331 s 6; 1974 c 406 s 98; 1984 c 488 s 10; 1Sp1985 c 5 s 10
MN Stat § 80B.07 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80B — Corporate Takeovers|Section 80B.07 — Administration, Rules And Orders.

80B.07 ADMINISTRATION, RULES AND ORDERS. Subdivision 1. Commissioner's powers generally. In administering the provisions of sections 80B.01 to 80B.13, the commissioner may exercise all powers granted under chapter 80A, which are not inconsistent with sections 80B.01 to 80B.13. Subd. 2. Rulemaking. The commissioner may make and adopt such rules and forms as are necessary to carry out the purposes of sections 80B.01 to 80B.13, including, without limitation, rules defining terms used in sections 80B.01 to 80B.13. Subd. 3. Exemption authority. The commissioner may by rule or order exempt from any provisions of sections 80B.01 to 80B.13 any proposed takeover offer or any category or type of takeover offer which the commissioner determines does not have the purpose or effect of changing or influencing the control of a target company or where the commissioner determines that compliance with sections 80B.01 to 80B.13 is not necessary for the protection of the offerees. History:  1973 c 331 s 7; 1974 c 406 s 99; 1980 c 516 s 2; 1984 c 488 s 11; 1Sp1985 c 5 s 11; 1986 c 444
MN Stat § 80B.08 (2021)
2021 Minnesota Statutes|Chapters 80B - 81A — Commercial Regulations|Chapter 80B — Corporate Takeovers|Section 80B.08 — Fees And Expenses.

80B.08 FEES AND EXPENSES. The commissioner shall charge a filing fee of $250 for a registration statement filed by an offeror. History:  1973 c 331 s 8; 1984 c 488 s 12