Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
80A.18 UNLAWFUL REPRESENTATIONS CONCERNING REGISTRATION OR
EXEMPTION.
Neither the fact that a registration statement or an application for a license has been filed nor
the fact that a security is effectively registered or a person is licensed constitutes a finding by the
commissioner that any document filed under this chapter is true, complete and not misleading.
Neither any such fact nor the fact that an exemption or exception is available for a security or a
transaction means that the commissioner has passed in any way upon the merits or qualifications
of, or recommended or given approval to, any person, security, or transaction. It is unlawful to
make, or cause to be made, to any prospective purchaser, customer or client any representation
inconsistent with the foregoing.
History: 1973 c 451 s 18
NOTE: This section is repealed by Laws 2006, chapter 196, article 1, section 51, effective
August 1, 2007. Laws 2006, chapter 196, article 1, section 52.
EXEMPTION.
Neither the fact that a registration statement or an application for a license has been filed nor
the fact that a security is effectively registered or a person is licensed constitutes a finding by the
commissioner that any document filed under this chapter is true, complete and not misleading.
Neither any such fact nor the fact that an exemption or exception is available for a security or a
transaction means that the commissioner has passed in any way upon the merits or qualifications
of, or recommended or given approval to, any person, security, or transaction. It is unlawful to
make, or cause to be made, to any prospective purchaser, customer or client any representation
inconsistent with the foregoing.
History: 1973 c 451 s 18
NOTE: This section is repealed by Laws 2006, chapter 196, article 1, section 51, effective
August 1, 2007. Laws 2006, chapter 196, article 1, section 52.
Official Publication of the State of Minnesota
Revisor of Statutes