2006 Minnesota Code
Chapters 80 - 83 Securities, Commercial Regulations
Chapter 80A Regulation of Securities
Section 80A.29 SALE OF LIQUOR WAREHOUSE RECEIPTS IS SALE OF SECURITIES.
80A.29 SALE OF LIQUOR WAREHOUSE RECEIPTS IS SALE OF SECURITIES.
The sale of warehouse receipts or other evidence of ownership for the storing of liquor
during the aging or processing period of liquor is hereby declared to be a sale of securities subject
to all of the provisions of sections
80A.01 to
80A.31 except section
80A.15. The sale of such
warehouse receipts by broker-dealers and agents licensed under sections
80A.01 to
80A.31 is
hereby authorized without such broker-dealers or agents having to procure a liquor license when
such liquor is not to be imported nor shipped into this state, except as authorized by law. The
provisions of sections
80A.01 to
80A.31 shall not apply to the sale of warehouse receipts to
distillers, manufacturers, or wholesalers of liquor duly licensed as such in the state of Minnesota.
History: 1973 c 451 s 29
NOTE: This section is repealed by Laws 2006, chapter 196, article 1, section 51, effective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.
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