Section 83.42 — Statute Of Limitations.
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 conveyance describing such lot or parcel is […]
Section 83.43 — Criminal Penalties.
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 than five years or both. Each of the […]
Section 83.29 — Registration.
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 denial of the application, the commissioner shall register the subdivided lands. The commissioner shall have power […]
Section 83.30 — Annual Report.
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, subdivision 2, shall not be required to file the annual report form except […]
Section 83.31 — Changes Subsequent To Registration.
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 report any material changes in the information contained in the application for […]
Section 83.32 — Inspection Of Records.
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 commissioner shall be promptly notified of any change of address affecting the location of […]
Section 83.23 — Registration Requirement.
83.23 REGISTRATION REQUIREMENT. Subdivision 1. Registration. It is unlawful for any person to offer or sell an interest in subdivided lands in this state unless the interest is registered under this section or the subdivided land or the transaction is exempt under section 83.26. Subd. 2. Notification. Unless the method of offer or sale is […]
Section 83.24 — Public Offering Statement.
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 pursuant to a sale, whichever occurs first. Each person to […]
Section 83.25 — License.
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 license issued pursuant to this section must be renewed, […]
Section 83.26 — Exemptions.
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 United States, any state, any political subdivision of […]