2005 Minnesota Statutes - 80C.13 — Prohibited practices.

     80C.13 Prohibited practices.  


    Subdivision 1.    Documents; untrue material facts and omitted 
 material changes.  No person may make or cause to be made any 
 untrue statement of a material fact in any application, notice, 
 report, or other document filed with the commissioner under 
 sections 80C.01 to 80C.22, or omit to state in any such 
 application, notice, report or other document any material fact 
 which is required to be stated therein, or fail to notify the 
 commissioner of any material change as required by section 
 80C.07.  


    Subd. 2.    Communications; untrue or omitted material facts.  
 No person may offer or sell a franchise in this 
 state by means of any written or oral communication which 
 includes an untrue statement of a material fact or which omits 
 to state a material fact necessary in order to make the 
 statements made, in the light of the circumstances under which 
 they were made, not misleading.  


    Subd. 3.    Misrepresentations related to registration and filing. 
  No person may represent or cause to be 
 represented to any prospective purchaser of a franchise that the 
 filing of any document under sections 80C.01 to 80C.22 or the 
 registration or exemption from registration of a franchise 
 constitutes a finding by the commissioner that any document 
 filed under sections 80C.01 to 80C.22 is true, complete, and not 
 misleading, or that the commissioner has passed in any way upon 
 the merits of any franchise, and no person may represent that a 
 franchise is registered or exempted from registration when in 
 fact, such is not the case.  


    HIST: 1973 c 612 s 13