Title Minnesota Statutes, Minnesota Statutes

83.24 PUBLIC OFFERING STATEMENT. § Subdivision 1.Delivery. A public offering statement shall be delivered to each person to whom an offer is made before or concurrently with (a) the first written offer other than offer by means of a public advertisement, or (b) any payment pursua…

83.25 LICENSE. § Subdivision 1.Requirement. No person shall offer or sell in this state any interest in subdivided lands without having obtained: (1) a license under chapter 82; and (2) MS 2002 [Expired, 2001 c 208 s 20] § Subd. 2.Application of other licensing provisions. Every …

83.26 EXEMPTIONS. § Subdivision 1.Generally; lands. Unless the method of offer or sale is adopted for the purpose of evasion of sections 83.20 to 83.42, 83.43 and 83.44, the following subdivided lands are exempted from sections 83.20 to 83.42: (a) any lands offered or sold by the…

83.27 INQUIRY AND EXAMINATION. The commissioner may investigate any subdivision required to be registered under sections 83.20 to 83.42, 83.43 and 83.44 for the purpose of verifying statements contained in the application for registration or the public offering statement. For the…

83.28 SALES CONTRACT; RESCISSION. § Subdivision 1.Contract; form restrictions. Every contract for sale relating to subdivided land shall (1) state clearly the legal description of the lot, unit, parcel, or interest disposed of; (2) contain the disclosure substantially similar to …

83.29 REGISTRATION. § Subdivision 1.Commissioner's registration duties. Upon compliance with all the provisions of sections 83.20 to 83.42 applicable to the application for registration and with the requirements of the commissioner, and if the commissioner finds no grounds for de…

83.30 ANNUAL REPORT. § Subdivision 1.Form; due date. During the period a registration is effective, the subdivider shall file an annual report in a format the commissioner may by rule prescribe for subdivisions under section 83.23, subdivision 3. Subdividers under section 83.23, …

83.31 CHANGES SUBSEQUENT TO REGISTRATION. § Subdivision 1.Report of sales. The commissioner may by rule or order require the subdivider or subdivider's agent to submit reports of sales. § Subd. 2.Report of material changes. A subdivider or subdivider's agent shall within 30 days …

83.32 INSPECTION OF RECORDS. All records of a subdivider and the subdivider's agents pertaining to the advertising or disposition of subdivided lands shall be maintained by the subdivider and the subdivider's agents and be subject to inspection by the commissioner. The commission…

83.33 BLANKET ENCUMBRANCE SALES AND OTHER PROHIBITED ACTS. § Subdivision 1.Compliance with rules. A person may not sell lots, units, parcels, or interests within a subdivision subject to a blanket encumbrance without having complied with such rules as the commissioner may promulg…

83.35 ENFORCEMENT; POWERS OF COMMISSIONER. § Subdivision 1.Registration; revocation or suspension. After notice and hearing, the commissioner may suspend or revoke a registration on finding that the subdivider or person has: (1) violated any provision of sections 83.20 to 83.42, …

83.36 INJUNCTIONS; RECEIVERS. If it appears that a person has engaged or is about to engage in an act or practice constituting a violation of sections 83.20 to 83.42, 83.43 and 83.44 or order hereunder, the commissioner, with or without prior administrative proceedings, may bring…

83.37 PENALTIES; CIVIL REMEDIES. § Subdivision 1.Civil fine. Any person who violates section 83.23, 83.24, 83.28, 83.29, or 83.44 shall be subject to a fine of not more than $1,000 for each violation. A fine authorized by this subdivision may be imposed in a civil action brought …

83.38 ADMINISTRATIVE PRONOUNCEMENTS. § Subdivision 1.Rulemaking. The commissioner may adopt rules to implement the provisions of sections 83.20 to 83.42. The rules may include but shall not be limited to: (a) provisions for advertising standards to assure full and fair disclosure…

83.39 SERVICE OF PROCESS. § Subdivision 1.Procedure. Every applicant for registration under sections 83.20 to 83.42, 83.43 and 83.44 shall file with the commissioner, in a format as by rule may be prescribed, an irrevocable consent appointing the commissioner or commissioner's su…

83.40 SCOPE OF SECTIONS 83.20 TO 83.42, 83.43 AND 83.44. § Subdivision 1.In-state offer or sale. The provisions of sections 83.20 to 83.42, 83.43 and 83.44 concerning offers and sales of subdivided lands apply when an offer or sale is made in this state. § Subd. 2.In-state offer …

83.41 INTERSTATE RENDITION. In the proceedings for extradition of a person charged with a crime under sections 83.20 to 83.42, 83.43 and 83.44, it need not be shown that the person whose surrender is demanded has fled from justice or at the time of the commission of the crime was…

83.42 STATUTE OF LIMITATIONS. The statute of limitations for actions arising under this chapter shall be three years and shall not begin to run with respect to any cause of action under this chapter, other than those set forth in section 83.37, subdivision 4, clause (d), until a …

83.43 CRIMINAL PENALTIES. Any person who willfully violates any provision of section 83.23 or 83.44 or any order of the commissioner under sections 83.20 to 83.42, this section, and 83.44 of which the person has notice, may be fined not more than $10,000 or imprisoned not more th…

83.44 PROHIBITED PRACTICES. It is unlawful for any person, in connection with the offer or sale of any subdivided land or interests therein, directly or indirectly: (a) to employ any device, scheme, or artifice to defraud; (b) to make any untrue statement of a material fact or to…

83.45 ADVERTISING; SPECIFIC PROHIBITIONS. The following devices or sales presentations, and the use of those devices or presentations are deceptive or misleading practices: (1) An advertisement that offers travel, accommodations, gifts, meals, or entertainment published to induce…