2004 Minnesota Statutes

     80B.07 Administration, rules and orders. 

    Subdivision 1.    Commissioner's powers generally.  In 
 administering the provisions of sections 
 80B.01 to 80B.13, the commissioner may exercise all powers 
 granted under chapter 80A, which are not inconsistent with 
 sections 80B.01 to 80B.13.  

    Subd. 2.    Rulemaking.  The commissioner may make and adopt 
 such rules 
 and forms as are necessary to carry out the purposes of sections 
 80B.01 to 80B.13, including, without limitation, rules defining 
 terms used in sections 80B.01 to 80B.13.  

    Subd. 3.    Exemption authority.  The commissioner may by rule 
 or order exempt from 
 any provisions of sections 80B.01 to 80B.13 any proposed 
 takeover offer or any category or type of take-over offer which 
 the commissioner determines does not have the purpose or effect 
 of changing or influencing the control of a target company or 
 where the commissioner determines that compliance with sections 
 80B.01 to 80B.13 is not necessary for the protection of the 
 offerees. 

    HIST: 1973 c 331 s 7; 1974 c 406 s 99; 1980 c 516 s 2; 1984 c 
 488 s 11; 1Sp1985 c 5 s 11; 1986 c 444