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.30 REGISTRATION OF OIL OR GAS LANDS OR INTEREST BEFORE SALE.
Subdivision 1. Generally. No person shall sell to any person in this state any lands
represented to contain or to be a prospect for oil or gas, or any interest therein or thereunder,
or in royalties therefrom, unless and until those lands, interests or royalties shall have been
first registered under this chapter. Registration shall be made or denied in substantially the
same manner and upon substantially the same grounds and conditions as are prescribed for the
registration of securities by section 80A.11. The fees for registration shall be calculated in the
same manner as the fees for registration of securities under section 80A.28, subdivision 1.
Subd. 2. Exception. This section shall not apply to any isolated sale not made or occurring
in the course of repeated or successive sale; nor to any judicial sale or any transaction lawfully
ordered, authorized, or approved by a court of competent jurisdiction in this state; nor to any sale
to a bank or financial institution under the supervision of any instrumentality or officer of the
United States or of the commissioner of commerce of this state, or a licensed broker-dealer; nor
to any sale made in compliance with the provisions of section 80A.15, subdivision 2, clause (g)
or (h). In any complaint, information or indictment charging a sale in violation of this section,
it shall not be necessary to specifically name or identify persons other than the complainant to
whom like sales have been made.
History: 1973 c 451 s 30; 1981 c 140 s 16; 1984 c 552 s 6
NOTE: This section is repealed by Laws 2006, chapter 196, article 1, section 51, effective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.
Subdivision 1. Generally. No person shall sell to any person in this state any lands
represented to contain or to be a prospect for oil or gas, or any interest therein or thereunder,
or in royalties therefrom, unless and until those lands, interests or royalties shall have been
first registered under this chapter. Registration shall be made or denied in substantially the
same manner and upon substantially the same grounds and conditions as are prescribed for the
registration of securities by section 80A.11. The fees for registration shall be calculated in the
same manner as the fees for registration of securities under section 80A.28, subdivision 1.
Subd. 2. Exception. This section shall not apply to any isolated sale not made or occurring
in the course of repeated or successive sale; nor to any judicial sale or any transaction lawfully
ordered, authorized, or approved by a court of competent jurisdiction in this state; nor to any sale
to a bank or financial institution under the supervision of any instrumentality or officer of the
United States or of the commissioner of commerce of this state, or a licensed broker-dealer; nor
to any sale made in compliance with the provisions of section 80A.15, subdivision 2, clause (g)
or (h). In any complaint, information or indictment charging a sale in violation of this section,
it shall not be necessary to specifically name or identify persons other than the complainant to
whom like sales have been made.
History: 1973 c 451 s 30; 1981 c 140 s 16; 1984 c 552 s 6
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