1997 Minnesota Statutes

     53A.081 Annual report and investigations. 

    Subdivision 1.    Annual report.  On or before April 30, 
 a licensee shall file an annual report with the commissioner for 
 the previous calendar year.  The report must contain information 
 that the commissioner may reasonably require concerning, and for 
 the purpose of examining, the business and operations of each 
 licensed currency exchange. 

    Subd. 2.    Investigation.  The commissioner may at any 
 time and shall at least once in each year investigate the 
 currency exchange business of any licensee and of every person, 
 partnership, association, and corporation engaged in the 
 business of operating a currency exchange in the manner provided 
 under section 45.027. 

    Subd. 3.    Fees and expenses.  The licensee shall pay 
 the costs of an examination or investigation in the manner 
 provided under section 60A.03, subdivision 5. 

    Subd. 4.    Classification of data.  Financial 
 information on individuals and businesses that is submitted to 
 the commissioner in the annual report under subdivision 1 are 
 private data on individuals or nonpublic data. 

    HIST: 1992 c 504 s 7; 1996 c 439 art 1 s 6; 1Sp1997 c 3 s 19