2005 Minnesota Statutes - 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.  


    HIST: 1973 c 451 s 29