2005 Minnesota Statutes

     80A.15 Exemptions. 

    Subdivision 1.    Securities exempted.  The following 
 securities are exempted from sections 80A.08 and 80A.16: 

    (a) Any security, including a revenue obligation, issued or 
 guaranteed by the United States, any state, any political 
 subdivision of a state, or any agency or corporate or other 
 instrumentality of one or more of the foregoing; but this 
 exemption does not apply to a security issued by any of the 
 foregoing that is payable solely from payments to be received in 
 respect of property or money used under a lease, sale, or loan 
 arrangement by or for a nongovernmental industrial or commercial 
 enterprise.  Pursuant to section 106(c) of the Secondary 
 Mortgage Market Enhancement Act of 1984, Public Law 98-440, this 
 exemption does not apply to a security that is offered or sold 
 pursuant to section 106(a)(1) or (2) of that act. 

    (b) Any security issued or guaranteed by Canada, any 
 Canadian province, any political subdivision of any province, 
 any agency or corporate or other instrumentality of one or more 
 of the foregoing, if the security is recognized as a valid 
 obligation by the issuer or guarantor; but this exemption shall 
 not include any revenue obligation payable solely from payments 
 to be made in respect of property or money used under a lease, 
 sale or loan arrangement by or for a nongovernmental industrial 
 or commercial enterprise. 

    (c) Any security issued by and representing an interest in 
 or a debt of, or guaranteed by, any bank organized under the 
 laws of the United States, or any bank, savings institution or 
 trust company organized under the laws of any state and subject 
 to regulation in respect of the issuance or guarantee of its 
 securities by a governmental authority of that state. 

    (d) Any security issued by and representing an interest in 
 or a debt of, or guaranteed by, any federal savings association, 
 or any savings association or similar association organized 
 under the laws of any state and authorized to do business in 
 this state. 

    (e) Any security issued or guaranteed by any federal credit 
 union or any credit union, or similar association organized and 
 supervised under the laws of this state. 

    (f) Any security listed or approved for listing upon notice 
 of issuance on the New York Stock Exchange, the American Stock 
 Exchange, the Midwest Stock Exchange, the Pacific Stock 
 Exchange, or the Chicago Board Options Exchange; any other 
 security of the same issuer which is of senior or substantially 
 equal rank; any security called for by subscription rights or 
 warrants so listed or approved; or any warrant or right to 
 purchase or subscribe to any of the foregoing.  This exemption 
 does not apply to second tier listings on any of the exchanges 
 in this paragraph. 

    (g) Any commercial paper which arises out of a current 
 transaction or the proceeds of which have been or are to be used 
 for current transactions, and which evidences an obligation to 
 pay cash within nine months of the date of issuance, exclusive 
 of days of grace, or any renewal of the paper which is likewise 
 limited, or any guarantee of the paper or of any renewal which 
 are not advertised for sale to the general public in newspapers 
 or other publications of general circulation or otherwise, or by 
 radio, television or direct mailing. 

    (h) Any interest in any employee's savings, stock purchase, 
 pension, profit sharing or similar benefit plan, or a 
 self-employed person's retirement plan. 

    (i) Any security issued or guaranteed by any railroad, 
 other common carrier or public utility which is subject to 
 regulation in respect to the issuance or guarantee of its 
 securities by a governmental authority of the United States. 

    (j) Any interest in a common trust fund or similar fund 
 maintained by a state bank or trust company organized and 
 operating under the laws of Minnesota, or a national bank 
 wherever located, for the collective investment and reinvestment 
 of funds contributed thereto by the bank or trust company in its 
 capacity as trustee, executor, administrator, or guardian; and 
 any interest in a collective investment fund or similar fund 
 maintained by the bank or trust company, or in a separate 
 account maintained by an insurance company, for the collective 
 investment and reinvestment of funds contributed thereto by the 
 bank, trust company or insurance company in its capacity as 
 trustee or agent, which interest is issued in connection with an 
 employee's savings, pension, profit sharing or similar benefit 
 plan, or a self-employed person's retirement plan. 

    (k) Any security which meets all of the following 
 conditions: 

    (1) If the issuer is not organized under the laws of the 
 United States or a state, it has appointed a duly authorized 
 agent in the United States for service of process and has set 
 forth the name and address of the agent in its prospectus; 

    (2) A class of the issuer's securities is required to be 
 and is registered under section 12 of the Securities Exchange 
 Act of 1934, and has been so registered for the three years 
 immediately preceding the offering date; 

    (3) Neither the issuer nor a significant subsidiary has had 
 a material default during the last seven years, or for the 
 period of the issuer's existence if less than seven years, in 
 the payment of (i) principal, interest, dividend, or sinking 
 fund installment on preferred stock or indebtedness for borrowed 
 money, or (ii) rentals under leases with terms of three years or 
 more; 

    (4) The issuer has had consolidated net income, before 
 extraordinary items and the cumulative effect of accounting 
 changes, of at least $1,000,000 in four of its last five fiscal 
 years including its last fiscal year; and if the offering is of 
 interest bearing securities, has had for its last fiscal year, 
 net income, before deduction for income taxes and depreciation, 
 of at least 1-1/2 times the issuer's annual interest expense, 
 giving effect to the proposed offering and the intended use of 
 the proceeds.  For the purposes of this clause "last fiscal 
 year" means the most recent year for which audited financial 
 statements are available, provided that such statements cover a 
 fiscal period ended not more than 15 months from the 
 commencement of the offering; 

    (5) If the offering is of stock or shares other than 
 preferred stock or shares, the securities have voting rights and 
 the rights include (i) the right to have at least as many votes 
 per share, and (ii) the right to vote on at least as many 
 general corporate decisions, as each of the issuer's outstanding 
 classes of stock or shares, except as otherwise required by law; 
 and 

    (6) If the offering is of stock or shares, other than 
 preferred stock or shares, the securities are owned beneficially 
 or of record, on any date within six months prior to the 
 commencement of the offering, by at least 1,200 persons, and on 
 that date there are at least 750,000 such shares outstanding 
 with an aggregate market value, based on the average bid price 
 for that day, of at least $3,750,000.  In connection with the 
 determination of the number of persons who are beneficial owners 
 of the stock or shares of an issuer, the issuer or broker-dealer 
 may rely in good faith for the purposes of this clause upon 
 written information furnished by the record owners. 

    (l) Any certificate of indebtedness sold or issued for 
 investment, other than a certificate of indebtedness pledged as 
 a security for a loan made contemporaneously therewith, and any 
 savings account or savings deposit issued, by an industrial loan 
 and thrift company. 

    (m) Any security designated or approved for designation 
 upon notice of issuance on the NASDAQ/National Market System; 
 any other security of the same issuer that is of senior or 
 substantially equal rank; any security called for by 
 subscription rights or warrants so designated or approved; or 
 any warrant or right to purchase or subscribe to any of the 
 securities referred to in this paragraph; provided that the 
 National Market System provides the commissioner with notice of 
 any material change in its designation requirements.  The 
 commissioner may revoke this exemption if the commissioner 
 determines that the designation requirements are not enforced or 
 are amended in a manner that lessens protection to investors. 

    Subd. 2.    Transactions exempted.  The following 
 transactions are exempted from sections 80A.08 and 80A.16: 

    (a) Any sales, whether or not effected through a 
 broker-dealer, provided that: 

    (1) no person shall make more than ten sales of securities 
 in Minnesota of the same issuer pursuant to this exemption, 
 exclusive of sales according to clause (2), during any period of 
 12 consecutive months; provided further, that in the case of 
 sales by an issuer, except sales of securities registered under 
 the Securities Act of 1933 or exempted by section 3(b) of that 
 act, (i) the seller reasonably believes that all buyers are 
 purchasing for investment, and (ii) the securities are not 
 advertised for sale to the general public in newspapers or other 
 publications of general circulation or otherwise, or by radio, 
 television, electronic means or similar communications media, or 
 through a program of general solicitation by means of mail or 
 telephone; or 

    (2) no issuer shall make more than 25 sales of its 
 securities in Minnesota according to this exemption, exclusive 
 of sales pursuant to clause (1), during any period of 12 
 consecutive months; provided further, that the issuer meets the 
 conditions in clause (1) and, in addition meets the following 
 additional conditions:  (i) files with the commissioner, ten 
 days before a sale according to this clause, a statement of 
 issuer on a form prescribed by the commissioner; and (ii) no 
 commission or other remuneration is paid or given directly or 
 indirectly for soliciting any prospective buyers in this state 
 in connection with a sale according to this clause except 
 reasonable and customary commissions paid by the issuer to a 
 broker-dealer licensed under this chapter. 

    (b) Any nonissuer distribution of an outstanding security 
 if (1) either Moody's, Fitch's, or Standard &> Poor's Securities 
 Manuals, or other recognized manuals approved by the 
 commissioner contains the names of the issuer's officers and 
 directors, a balance sheet of the issuer as of a date not more 
 than 18 months prior to the date of the sale, and a profit and 
 loss statement for the fiscal year preceding the date of the 
 balance sheet, and (2) the issuer or its predecessor has been in 
 active, continuous business operation for the five-year period 
 next preceding the date of sale, and (3) if the security has a 
 fixed maturity or fixed interest or dividend provision, the 
 issuer has not, within the three preceding fiscal years, 
 defaulted in payment of principal, interest, or dividends on the 
 securities. 

    (c) The execution of any orders by a licensed broker-dealer 
 for the purchase or sale of any security, pursuant to an 
 unsolicited offer to purchase or sell; provided that the 
 broker-dealer acts as agent for the purchaser or seller, and has 
 no direct material interest in the sale or distribution of the 
 security, receives no commission, profit, or other compensation 
 from any source other than the purchaser and seller and delivers 
 to the purchaser and seller written confirmation of the 
 transaction which clearly itemizes the commission, or other 
 compensation. 

    (d) Any nonissuer sale of notes or bonds secured by a 
 mortgage lien if the entire mortgage, together with all notes or 
 bonds secured thereby, is sold to a single purchaser at a single 
 sale. 

    (e) Any judicial sale, exchange, or issuance of securities 
 made pursuant to an order of a court of competent jurisdiction. 

    (f) The sale, by a pledge holder, of a security pledged in 
 good faith as collateral for a bona fide debt. 

    (g) Any offer or sale to a bank, savings institution, trust 
 company, insurance company, investment company as defined in the 
 Investment Company Act of 1940, or other financial institution 
 or institutional buyer, or to a broker-dealer, whether the 
 purchaser is acting for itself or in some fiduciary capacity. 

    (h) An offer or sale of securities by an issuer made in 
 reliance on the exemptions provided by Rule 505 or 506 of 
 Regulation D promulgated by the Securities and Exchange 
 Commission, Code of Federal Regulations, title 17, sections 
 230.501 to 230.508, subject to the conditions and definitions 
 provided by Rules 501 to 503 of Regulation D, if the offer and 
 sale also satisfies the conditions and limitations in clauses 
 (1) to (10). 

    (1) The exemption under this paragraph is not available for 
 the securities of an issuer if any of the persons described in 
 Rule 252(c) to (f) of Regulation A promulgated by the Securities 
 and Exchange Commission, Code of Federal Regulations, title 17, 
 sections 230.251 to 230.263:  

    (i) has filed a registration statement that is the subject 
 of a currently effective order entered against the issuer, its 
 officers, directors, general partners, controlling persons, or 
 affiliates, according to any state's law within five years 
 before the filing of the notice required under clause (5), 
 denying effectiveness to, or suspending or revoking the 
 effectiveness of, the registration statement; 

    (ii) has been convicted, within five years before the 
 filing of the notice required under clause (5), of a felony or 
 misdemeanor in connection with the offer, sale, or purchase of a 
 security or franchise, or a felony involving fraud or deceit, 
 including but not limited to forgery, embezzlement, obtaining 
 money under false pretenses, larceny, or conspiracy to defraud; 

    (iii) is subject to an effective administrative order or 
 judgment entered by a state securities administrator within five 
 years before the filing of the notice required under clause (5), 
 that prohibits, denies, or revokes the use of an exemption from 
 securities registration, that prohibits the transaction of 
 business by the person as a broker-dealer or agent, that is 
 based on fraud, deceit, an untrue statement of a material fact, 
 or an omission to state a material fact; or 

    (iv) is subject to an order, judgment, or decree of a court 
 entered within five years before the filing of the notice 
 required under clause (5), temporarily, preliminarily, or 
 permanently restraining or enjoining the person from engaging in 
 or continuing any conduct or practice in connection with the 
 offer, sale, or purchase of a security, or the making of a false 
 filing with a state. 

    A disqualification under paragraph (h) involving a 
 broker-dealer or agent is waived if the broker-dealer or agent 
 is or continues to be licensed in the state in which the 
 administrative order or judgment was entered against the person 
 or if the broker-dealer or agent is or continues to be licensed 
 in this state as a broker-dealer or agent after notifying the 
 commissioner of the act or event causing disqualification. 

    The commissioner may waive a disqualification under 
 paragraph (h) upon a showing of good cause that it is not 
 necessary under the circumstances that use of the exemption be 
 denied. 

    A disqualification under paragraph (h) may be waived if the 
 state securities administrator or agency of the state that 
 created the basis for disqualification has determined, upon a 
 showing of good cause, that it is not necessary under the 
 circumstances that an exemption from registration of securities 
 under the state's laws be denied. 

    It is a defense to a violation of paragraph (h) based upon 
 a disqualification if the issuer sustains the burden of proof to 
 establish that the issuer did not know, and in the exercise of 
 reasonable care could not have known, that a disqualification 
 under paragraph (h) existed. 

    (2) This exemption must not be available to an issuer with 
 respect to a transaction that, although in technical compliance 
 with this exemption, is part of a plan or scheme to evade 
 registration or the conditions or limitations explicitly stated 
 in paragraph (h). 

    (3) No commission, finder's fee, or other remuneration 
 shall be paid or given, directly or indirectly, for soliciting a 
 prospective purchaser, unless the recipient is appropriately 
 licensed, or exempt from licensure, in this state as a 
 broker-dealer. 

    (4) Nothing in this exemption is intended to or should be 
 in any way construed as relieving issuers or persons acting on 
 behalf of issuers from providing disclosure to prospective 
 investors adequate to satisfy the antifraud provisions of the 
 securities law of Minnesota.  

    (5) The issuer shall file with the commissioner a notice on 
 form D as adopted by the Securities and Exchange Commission 
 according to Regulation D, Code of Federal Regulations, title 
 17, section 230.502.  The notice must be filed not later than 15 
 days after the first sale in this state of securities in an 
 offering under this exemption.  Every notice on form D must be 
 manually signed by a person duly authorized by the issuer and 
 must be accompanied by a consent to service of process on a form 
 prescribed by the commissioner.  

    (6) A failure to comply with a term, condition, or 
 requirement of paragraph (h) will not result in loss of the 
 exemption for an offer or sale to a particular individual or 
 entity if the person relying on the exemption shows that:  (i) 
 the failure to comply did not pertain to a term, condition, or 
 requirement directly intended to protect that particular 
 individual or entity, and the failure to comply was 
 insignificant with respect to the offering as a whole; and (ii) 
 a good faith and reasonable attempt was made to comply with all 
 applicable terms, conditions, and requirements of paragraph (h), 
 except that, where an exemption is established only through 
 reliance upon this provision, the failure to comply shall 
 nonetheless constitute a violation of section 80A.08 and be 
 actionable by the commissioner.  

    (7) The issuer, upon request by the commissioner, shall, 
 within ten days of the request, furnish to the commissioner a 
 copy of any and all information, documents, or materials 
 furnished to investors or offerees in connection with the offer 
 and sale according to paragraph (h).  

    (8) Neither compliance nor attempted compliance with the 
 exemption provided by paragraph (h), nor the absence of an 
 objection or order by the commissioner with respect to an offer 
 or sale of securities undertaken according to this exemption, 
 shall be considered to be a waiver of a condition of the 
 exemption or considered to be a confirmation by the commissioner 
 of the availability of this exemption.  

    (9) The commissioner may, by rule or order, increase the 
 number of purchasers or waive any other condition of this 
 exemption.  

    (10) The determination whether offers and sales made in 
 reliance on the exemption set forth in paragraph (h) shall be 
 integrated with offers and sales according to other paragraphs 
 of this subdivision shall be made according to the integration 
 standard set forth in Rule 502 of Regulation D promulgated by 
 the Securities and Exchange Commission, Code of Federal 
 Regulations, title 17, section 230.502.  If not subject to 
 integration according to that rule, offers and sales according 
 to paragraph (h) shall not otherwise be integrated with offers 
 and sales according to other exemptions set forth in this 
 subdivision. 

    (i) Any offer (but not a sale) of a security for which a 
 registration statement has been filed under sections 80A.01 to 
 80A.31, if no stop order or refusal order is in effect and no 
 public proceeding or examination looking toward an order is 
 pending; and any offer of a security if the sale of the security 
 is or would be exempt under this section.  The commissioner may 
 by rule exempt offers (but not sales) of securities for which a 
 registration statement has been filed as the commissioner deems 
 appropriate, consistent with the purposes of sections 80A.01 to 
 80A.31. 

    (j) The offer and sale by a cooperative organized under 
 chapter 308A or under the laws of another state, of its 
 securities when the securities are offered and sold only to its 
 members, or when the purchase of the securities is necessary or 
 incidental to establishing membership in the cooperative, or 
 when such securities are issued as patronage dividends.  This 
 paragraph applies to a cooperative organized under the laws of 
 another state only if the cooperative has filed with the 
 commissioner a consent to service of process under section 
 80A.27, subdivision 7, and has, not less than ten days prior to 
 the issuance or delivery, furnished the commissioner with a 
 written general description of the transaction and any other 
 information that the commissioner requires by rule or otherwise. 

    (l) The issuance and delivery of any securities of one 
 corporation to another corporation or its security holders in 
 connection with a merger, exchange of shares, or transfer of 
 assets whereby the approval of stockholders of the other 
 corporation is required to be obtained, provided, that the 
 commissioner has been furnished with a general description of 
 the transaction and with other information as the commissioner 
 by rule prescribes not less than ten days prior to the issuance 
 and delivery.  For purposes of this paragraph, a corporation 
 includes a cooperative organized under chapter 308B, and the 
 approval of stockholders applies to members of such a 
 cooperative. 

    (m) Any transaction between the issuer or other person on 
 whose behalf the offering is made and an underwriter or among 
 underwriters. 

    (n) The distribution by a corporation of its or other 
 securities to its own security holders as a stock dividend or as 
 a dividend from earnings or surplus or as a liquidating 
 distribution; or upon conversion of an outstanding convertible 
 security; or pursuant to a stock split or reverse stock split.  
 For purposes of this paragraph, a corporation includes a 
 cooperative organized under chapter 308B, and the term "stock" 
 applies to interests in such a cooperative. 

    (o) Any offer or sale of securities by an affiliate of the 
 issuer thereof if:  (1) a registration statement is in effect 
 with respect to securities of the same class of the issuer and 
 (2) the offer or sale has been exempted from registration by 
 rule or order of the commissioner.  

    (p) Any transaction pursuant to an offer to existing 
 security holders of the issuer, including persons who at the 
 time of the transaction are holders of convertible securities, 
 nontransferable warrants, or transferable warrants exercisable 
 within not more than 90 days of their issuance, if:  (1) no 
 commission or other remuneration (other than a standby 
 commission) is paid or given directly or indirectly for 
 soliciting any security holder in this state; and (2) the 
 commissioner has been furnished with a general description of 
 the transaction and with other information as the commissioner 
 may by rule prescribe no less than ten days prior to the 
 transaction. 

    (q) Any nonissuer sales of any security, including a 
 revenue obligation, issued by the state of Minnesota or any of 
 its political or governmental subdivisions, municipalities, 
 governmental agencies, or instrumentalities. 

    (r) Any transaction as to which the commissioner by rule or 
 order finds that registration is not necessary in the public 
 interest and for the protection of investors. 

    (s) An offer or sale of a security issued in connection 
 with an employee's stock purchase, savings, option, profit 
 sharing, pension, or similar employee benefit plan, if the 
 following conditions are met:  

    (1) the issuer, its parent corporation or any of its 
 majority-owned subsidiaries offers or sells the security 
 according to a written benefit plan or written contract relating 
 to the compensation of the purchaser; and 

    (2) the class of securities offered according to the plan 
 or contract, or if an option or right to purchase a security, 
 the class of securities to be issued upon the exercise of the 
 option or right, is registered under section 12 of the 
 Securities Exchange Act of 1934, or is a class of securities 
 with respect to which the issuer files reports according to 
 section 15(d) of the Securities Exchange Act of 1934; or 

    (3) the issuer fully complies with the provisions of Rule 
 701 as adopted by the Securities and Exchange Commission, Code 
 of Federal Regulations, title 12, section 230.701. 

    The issuer shall file not less than ten days before the 
 transaction, a general description of the transaction and any 
 other information that the commissioner requires by rule or 
 otherwise or, if applicable, a Securities and Exchange Form S-8. 
 Annually, within 90 days after the end of the issuer's fiscal 
 year, the issuer shall file a notice as provided with the 
 commissioner. 

    (t) Any sale of a security of an issuer that is a pooled 
 income fund, a charitable remainder trust, or a charitable lead 
 trust that has a qualified charity as the only charitable 
 beneficiary. 

    (u) Any sale by a qualified charity of a security that is a 
 charitable gift annuity if the issuer has a net worth, otherwise 
 defined as unrestricted fund balance, of not less than $300,000 
 and either:  (1) has been in continuous operation for not less 
 than three years; or (2) is a successor or affiliate of a 
 qualified charity that has been in continuous operation for not 
 less than three years.  

    (v) The offer and sale by a cooperative organized under 
 chapter 308B of its securities when the securities are offered 
 and sold only to its existing members or when the purchase of 
 the securities is necessary or incidental to establishing patron 
 membership in the cooperative, or when such securities are 
 issued as patronage dividends.  This paragraph applies when 
 securities are issued as patronage dividends or otherwise only 
 when: 

    (1) the issuer, prior to the completion of the sale of such 
 securities, provides each offeree or purchaser disclosure 
 materials, which to the extent material to an understanding of 
 the issuer, its business, and the securities being offered 
 substantially meet the disclosure conditions and limitations 
 found in rule 502(b) of regulation D promulgated by the 
 Securities and Exchange Commission, Code of Federal Regulations, 
 title 17, section 230.502; and 

    (2) within 15 days after the completion of the first sale 
 in each offering completed in reliance upon this exemption, the 
 cooperative has filed with the commissioner a consent to service 
 of process under section 80A.27, subdivision 7, and has 
 furnished the commissioner with a written general description of 
 the transaction and any other information that the commissioner 
 requires by rule or otherwise. 

 A cooperative may, at or about the same time as offers or sales 
 are being completed in reliance upon this exemption from 
 registration and as part of a common plan of financing, offer or 
 sell its securities in reliance upon any other exemption from 
 registration available under this chapter.  The offer or sale of 
 securities in reliance upon this paragraph shall not be 
 considered or deemed a part of or be integrated with any offer 
 or sale of securities conducted by the cooperative in reliance 
 upon any other exemption from registration available under this 
 chapter, nor shall offers or sales of securities by the 
 cooperative in reliance upon any other exemption from 
 registration available under this chapter be considered or 
 deemed a part of or be integrated with any offer or sale 
 conducted by the cooperative in reliance upon this paragraph. 

    Subd. 3.    Revocation; order to show cause.  The 
 commissioner may issue an order requiring any person who claims 
 the benefit of an exemption with respect to a specific security 
 or transaction, to show cause why the exemption should not be 
 revoked.  The order shall be calculated to give reasonable 
 notice of the time and place for hearing thereon, and shall 
 state the reasons for the entry of the order.  The commissioner 
 may by order summarily suspend an exemption pending final 
 determination of any order to show cause.  If an exemption is 
 suspended pending final determination of an order to show cause, 
 a hearing on the merits shall be held within 30 days of the 
 issuance of the order of suspension.  All hearings shall be 
 conducted in accordance with the provisions of chapter 14.  
 After the hearing, the commissioner shall enter an order making 
 such disposition of the matter as the facts require.  If the 
 person claiming the benefit of the exemption fails to appear at 
 a hearing of which the person has been duly notified, such 
 person shall be deemed in default, and the proceeding may be 
 determined against the person upon consideration of the order to 
 show cause, the allegations of which may be deemed to be true.  
 The commissioner may adopt rules of procedure concerning all 
 proceedings conducted pursuant to this subdivision.  

    A notice filing that is incomplete is considered withdrawn 
 if no activity occurs with respect to the notice filing for a 
 period of 120 days. 

    Subd. 4.    Burden of proof.  In any judicial or 
 administrative proceeding under sections 80A.01 to 80A.31, the 
 burden of proving an exemption or an exception from a definition 
 is upon the person claiming it.  

    HIST: 1973 c 451 s 15; 1976 c 2 s 43; 1979 c 228 s 1; 1980 c 
 503 s 4; 1980 c 516 s 2; 1981 c 140 s 6,7; 1982 c 424 s 130; 
 1983 c 252 s 14; 1984 c 552 s 5; 1985 c 251 s 4; 1986 c 358 s 
 5,6; 1986 c 444; 1987 c 336 s 14,15; 1989 c 173 s 1; 1989 c 206 
 s 1; 1989 c 356 s 6; 1993 c 271 s 2; 1994 c 642 s 5; 1995 c 202 
 art 1 s 25; 1996 c 439 art 2 s 13-15; 1997 c 222 s 27,28; 1999 c 
 137 s 4; 2000 c 350 s 15; 2000 c 379 s 1; 2000 c 483 s 41; 2003 
 c 105 art 2 s 2