2006 Minnesota Code
Chapters 80 - 83 Securities, Commercial Regulations
Chapter 80A Regulation of Securities
Section 80A.18 UNLAWFUL REPRESENTATIONS CONCERNING REGISTRATION OR EXEMPTION.
80A.18 UNLAWFUL REPRESENTATIONS CONCERNING REGISTRATION OR
EXEMPTION.
Neither the fact that a registration statement or an application for a license has been filed nor
the fact that a security is effectively registered or a person is licensed constitutes a finding by the
commissioner that any document filed under this chapter is true, complete and not misleading.
Neither any such fact nor the fact that an exemption or exception is available for a security or a
transaction means that the commissioner has passed in any way upon the merits or qualifications
of, or recommended or given approval to, any person, security, or transaction. It is unlawful to
make, or cause to be made, to any prospective purchaser, customer or client any representation
inconsistent with the foregoing.
History: 1973 c 451 s 18
NOTE: This section is repealed by Laws 2006, chapter 196, article 1, section 51, effective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.
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
