Any such association, person or party who shall violate any of the provisions of this chapter shall forfeit and pay to this state a penalty, not exceeding $1,000. Such penalties may be recovered in the District Court of Ramsey County by action in the name of the state, brought by the attorney general.
1961 c 740 s 7; 1965 c 732 s 5
Structure Minnesota Statutes
Chapters 300 - 323A — Business, Social, And Charitable Organizations
Chapter 318 — Declaration Of Trust
Section 318.01 — Organization; Scope Of Business.
Section 318.02 — General Provisions.
Section 318.03 — Sale Of Securities; Registration.
Section 318.04 — Certificate Of Authority To Transact The Business Of Insurance.
Section 318.05 — Unlawful To Transact Business Prior To Compliance.