80C.18 ADMINISTRATIVE PRONOUNCEMENTS.
Subdivision 1.
Rulemaking. The commissioner may promulgate rules to carry out the
provisions of sections
80C.01 to
80C.22, including rules and forms governing public offering
statements, applications, financial statements and annual reports, and defining any terms, whether
or not used in sections
80C.01 to
80C.22, insofar as the definitions are not inconsistent with
sections
80C.01 to
80C.22. The commissioner may define by rule false, fraudulent or deceptive
practices in the offer and sale of franchises. For the purpose of rules and forms the commissioner
may classify franchises, persons and matters within the commissioner's jurisdiction, and prescribe
different requirements for different classes. Rules shall be promulgated in accordance with
chapter 14.
Subd. 2.
Interpretive opinions. The commissioner may, upon request and upon payment of
a fee of $50, honor requests for interpretive opinions relating to sections
80C.01 to
80C.22.
History: 1973 c 612 s 18; 1981 c 165 s 7; 1985 c 248 s 70; 1986 c 444; 1993 c 13 art 1 s 21