US Laws, Codes, Statutes & Cases

     83.44 Prohibited practices. 

    It is unlawful for any person, in connection with the offer 
 or sale of any subdivided land or interests therein, directly or 
 indirectly:  

    (a) to employ any device, scheme, or artifice to defraud; 

    (b) to make any untrue statement of a material fact or to 
 omit to state material facts necessary in order to make the 
 statements made, in the light of the circumstances under which 
 they are made, not misleading; 

    (c) to engage in any act, practice, or course of business 
 which operates or would operate as a fraud or deceit upon any 
 person; or 

    (d) to accept an advance payment for services rendered by 
 an agent in connection with the resale of a time share interest. 

    HIST: 1984 c 452 s 29; 1988 c 493 s 6 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.