Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2007 Statutes New, Amended or Repealed
- 2007 Table of Chapters
- 2007 Statutes Topics (Index)
Chapter 80A
Section 80A.11
Topics
Recent History
- 2006 80A.11 Repealed 2006 c 196 art 1 s 51
- 1996 Subd. 5 New 1996 c 439 art 2 s 6
This is an historical version of this statute chapter. Also view the most recent published version.
80A.11 REGISTRATION BY QUALIFICATION.
Subdivision 1. Authority. Any security may be registered by qualification.
Subd. 2. Contents. A registration statement under this section shall contain the information
specified in section 80A.12 and the consent to service of process required by section80A.27,
subdivision 7 , and shall contain such further information and be accompanied by such further
documents as the commissioner by rule or otherwise requires.
Subd. 3. When effective. A registration statement under this section becomes effective
when the commissioner so orders.
Subd. 4. Condition of registration. The commissioner may by rule or order require as a
condition of registration under this section that a prospectus containing any designated part of
the information specified in subdivision 2 be sent or given to each person to whom an offer is
made before or concurrently with (a) the first written offer made to that person(otherwise than by
means of a public advertisement) by or for the account of the issuer or any other person on whose
behalf the offering is being made, or by any underwriter or broker-dealer who is offering part of
an unsold allotment or subscription taken by that person as a participant in the distribution, (b) the
confirmation of any sale made by or for the account of any such person, (c) payment pursuant to
any such sale, or (d) delivery of the security pursuant to any such sale, whichever first occurs.
Subd. 5. Withdrawal. A registration statement that is pending effectiveness will be
considered withdrawn if no activity occurs with respect to the application for a period of 120 days.
Notwithstanding section 80A.28, subdivision 1, paragraph (c), no part of the filing fee shall be
returned if a registration statement is withdrawn according to this subdivision.
History: 1973 c 451 s 11; 1986 c 444; 1996 c 439 art 2 s 6
NOTE: This section is repealed by Laws 2006, chapter 196, article 1, section 51, effective
August 1, 2007. Laws 2006, chapter 196, article 1, section 52.
Subdivision 1. Authority. Any security may be registered by qualification.
Subd. 2. Contents. A registration statement under this section shall contain the information
specified in section 80A.12 and the consent to service of process required by section
subdivision 7
documents as the commissioner by rule or otherwise requires.
Subd. 3. When effective. A registration statement under this section becomes effective
when the commissioner so orders.
Subd. 4. Condition of registration. The commissioner may by rule or order require as a
condition of registration under this section that a prospectus containing any designated part of
the information specified in subdivision 2 be sent or given to each person to whom an offer is
made before or concurrently with (a) the first written offer made to that person(otherwise than by
means of a public advertisement) by or for the account of the issuer or any other person on whose
behalf the offering is being made, or by any underwriter or broker-dealer who is offering part of
an unsold allotment or subscription taken by that person as a participant in the distribution, (b) the
confirmation of any sale made by or for the account of any such person, (c) payment pursuant to
any such sale, or (d) delivery of the security pursuant to any such sale, whichever first occurs.
Subd. 5. Withdrawal. A registration statement that is pending effectiveness will be
considered withdrawn if no activity occurs with respect to the application for a period of 120 days.
Notwithstanding section 80A.28, subdivision 1, paragraph (c), no part of the filing fee shall be
returned if a registration statement is withdrawn according to this subdivision.
History: 1973 c 451 s 11; 1986 c 444; 1996 c 439 art 2 s 6
NOTE: This section is repealed by Laws 2006, chapter 196, article 1, section 51, effective
August 1, 2007. Laws 2006, chapter 196, article 1, section 52.
Official Publication of the State of Minnesota
Revisor of Statutes