Minnesota Administrative Rules

2876.1000 DEFINITIONS.

Subpart 1.

General terms and scope.

The terms used in this chapter that are not defined in this part have the meanings given them in Minnesota Statutes, chapter 80A.

Subp. 2.

Control person.

For purposes of this chapter, "control person" means a partner, officer, director, manager, majority holder of securities, or anyone else having the power to direct the management of the entity, but does not include a person whose primary duties are ministerial or clerical.

Statutory Authority:

MS s 45.023; 80A.82

History:

40 SR 1617

Published Electronically:

June 22, 2016