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58.05 EXEMPTIONS FROM LICENSE.
    Subdivision 1. Exempt person. An exempt person as defined by section 58.04, subdivision
1
, paragraph (c), and subdivision 2, paragraph (b), is exempt from the licensing requirements of
this chapter, but is subject to all other provisions of this chapter.
    Subd. 2.[Repealed, 2000 c 427 s 21]
    Subd. 3. Certificate of exemption. A person must obtain a certificate of exemption from
the commissioner to qualify as an exempt person under section 58.04, subdivision 1, paragraph
(c), a financial institution under clause (2), or by order of the commissioner under clause (6); or
under section 58.04, subdivision 2, paragraph (b), as a financial institution under clause (3), or by
order of the commissioner under clause (7).
History: 1998 c 343 art 1 s 5; 2000 c 427 s 14; 2007 c 57 art 3 s 14