Section 83.38 — Administrative Pronouncements.
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; (b) provisions for escrow or trust agreement or other means reasonably to assure that […]
Section 83.39 — Service Of Process.
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 successor to be the applicant’s attorney to receive service of any lawful process in […]
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 […]
Section 83.27 — Inquiry And Examination.
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 purpose of such investigation, the commissioner may: (a) use and rely upon any relevant […]
Section 83.28 — Sales Contract; Rescission.
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 that required by the federal Truth in Lending Act, and the rules promulgated thereunder; and […]
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 […]