2007 Minnesota Statutes

82A.06 EXEMPTIONS.
    Subdivision 1. Total transactional exemptions. The following transactions are exempt
from the provisions of this chapter:
(1) an offer, sale, or transfer by any one person of not more than one membership camping
contract in any 12-month period; unless the offer, sale, or transfer is effected by or through
a broker;
(2) an offer or sale by a government or governmental agency;
(3) a bona fide pledge of a membership camping contract; and
(4) any transaction which the commissioner by rule or order exempts as not being within the
purposes of this chapter and the registration of which the commissioner finds is not necessary or
appropriate in the public interest or for the protection of purchasers.
    Subd. 2. Partial transactional exemptions. The following transactions are exempt from the
provisions of sections 82A.03; 82A.04; 82A.05; 82A.07; 82A.08; 82A.11, subdivisions 2 and
4 ; 82A.14; 82A.16; and 82A.17: any sale which is made to a person who is not then physically
present in this state, and any offer which invites an offeree to attend a sales presentation in
another state if:
(1) the offeror has given at least ten days prior written notice to the commissioner of its
intention to offer or sell membership camping contracts to residents of this state pursuant to this
exemption and paid a fee of $50;
(2) the offeror has demonstrated that the sales presentation will be made, and the sale will be
consummated, in a state which specifically regulates the offer and sale of membership camping
contracts;
(3) the offeror has demonstrated that it will deliver a disclosure statement to offerees who are
residents of this state which contains substantially the same or greater disclosure as is required by
section 82A.05; and
(4) the offeror has filed a consent to service of process pursuant to section 82A.22.
History: 1985 c 129 s 6; 1986 c 444