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HF 3775

1st Engrossment - 92nd Legislature (2021 - 2022) Posted on 06/09/2022 12:40pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - 1st Engrossment

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A bill for an act
relating to commerce; modifying registration filing for franchises; amending Minnesota Statutes 2020, section 80C.08, subdivision 1.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2020, section 80C.08, subdivision 1, is amended to read:


Subdivision 1.

Filing; fee.

deleted text beginWithin 120 days after the fiscal year end of the registrant,
the registrant shall
deleted text endnew text begin A registration is effective for 12 months from the date the commissioner's
order is issued. A registrant must
new text end file a report in the form prescribed by rule of the
commissionernew text begin before the end of the registration effective periodnew text end. A fee of $200 shall
accompany the annual report.

new text begin EFFECTIVE DATE; APPLICABILITY. new text end

new text begin This section is effective January 1, 2023,
and applies to initial registrations filed on or after that date.
new text end