2001 Minnesota Statutes

     83.25 License required. 

    Subdivision 1.  No person shall offer or sell in this state 
 any interest in subdivided lands without having obtained: 

    (1) a license under chapter 82; and 

    (2) an additional license to offer or dispose of subdivided 
 lands.  This license may be obtained by submitting an 
 application in writing to the commissioner upon forms prepared 
 and furnished by the commissioner.  Each application shall be 
 signed and sworn to by the applicant and accompanied by a 
 license fee of $10 per year.  The commissioner may also require 
 an additional examination for this license.  This clause expires 
 July 1, 2003. 

    Subd. 2.  Every license issued pursuant to this section 
 must be renewed, transferred, suspended, revoked or denied in 
 the same manner as provided in chapter 82 for licenses issued 
 pursuant to that chapter. 

    Subd. 3.  This section does not apply to persons offering 
 or disposing of interests in subdivided lands which are 
 registered as securities pursuant to chapter 80A. 

    HIST: 1973 c 413 s 6; 1976 c 2 s 38; 1984 c 452 s 9; 1986 c 
 444; 1994 c 632 art 4 s 43; 2001 c 208 s 20