Public-domain · open source
OpenJurist

Minn. Stat. § 83.44

PROHIBITED PRACTICES.

Known as the Minnesota Subdivided Land Sales Practices Act

The act spans §§ 83.20 to 83.45 (25 sections).

1984 c 452 s 29; 1988 c 493 s 6

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.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.