80B.09 INJUNCTIONS.
Whenever it appears to the commissioner that any person, including a controlling person of
an offeror or target company, has engaged or is about to engage in any act or practice constituting
a violation of sections
80B.01 to
80B.13 or any rule or order hereunder, the commissioner (1) may
issue and cause to be served upon any person violating any of the provisions of sections
80B.01 to
80B.13 an order requiring the person guilty thereof to cease and desist therefrom; and (2) may
bring an action in the district court of the appropriate county to enjoin the acts or practices and
to enforce compliance with sections
80B.01 to
80B.13 or any rule or order hereunder, or may
refer the matter to the attorney general or the county attorney of the appropriate county. Upon a
proper showing, the court may grant a permanent or temporary injunction or restraining order
and may order rescission of any sales or purchases of securities determined to be unlawful
under sections
80B.01 to
80B.13 or any rule or order hereunder. The court may not require
the commissioner to post a bond.
History: 1973 c 331 s 9; 1986 c 444