58.05 EXEMPTIONS FROM LICENSE.
Subdivision 1.
Exempt person. An exempt person as defined by section
58.04, subdivision
1
, paragraph (b), 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Subd. 2.[Repealed,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
(b), as a real estate broker under clause (2), an insurance agent under clause (4), a financial
institution under clause (6), or by order of the commissioner under clause (10); or under section
58.04, subdivision 2, paragraph (b), as a financial institution under clause (4), or by order of
the commissioner under clause (8).
History: 1998 c 343 art 1 s 5; 2000 c 427 s 14