1997 Minnesota Statutes

     80B.09 Injunctions.  

    Whenever it appears to the commissioner that any person, 
 including a controlling person of an offeror or target company, 
 has engaged or is about to engage in any act or practice 
 constituting a violation of sections 80B.01 to 80B.13 or any 
 rule or order hereunder, the commissioner(1)  may issue and 
 cause to be served upon any person violating any of the 
 provisions of sections 80B.01 to 80B.13 an order requiring the 
 person guilty thereof to cease and desist therefrom; and (2)  
 may bring an action in the district court of the appropriate 
 county to enjoin the acts or practices and to enforce compliance 
 with sections 80B.01 to 80B.13 or any rule or order hereunder, 
 or may refer the matter to the attorney general or the county 
 attorney of the appropriate county.  Upon a proper showing, the 
 court may grant a permanent or temporary injunction or 
 restraining order and may order rescission of any sales or 
 purchases of securities determined to be unlawful under sections 
 80B.01 to 80B.13 or any rule or order hereunder.  The court may 
 not require the commissioner to post a bond.  

    HIST: 1973 c 331 s 9; 1986 c 444