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.
1984 c 452 s 29; 1988 c 493 s 6
Structure Minnesota Statutes
Chapters 82 - 83 — Real Estate Sales Regulations
Section 83.21 — Commissioner Of Commerce To Administer.
Section 83.23 — Registration Requirement.
Section 83.24 — Public Offering Statement.
Section 83.27 — Inquiry And Examination.
Section 83.28 — Sales Contract; Rescission.
Section 83.30 — Annual Report.
Section 83.31 — Changes Subsequent To Registration.
Section 83.32 — Inspection Of Records.
Section 83.33 — Blanket Encumbrance Sales And Other Prohibited Acts.
Section 83.35 — Enforcement; Powers Of Commissioner.
Section 83.36 — Injunctions; Receivers.
Section 83.37 — Penalties; Civil Remedies.
Section 83.38 — Administrative Pronouncements.
Section 83.39 — Service Of Process.
Section 83.40 — Scope Of Sections 83.20 To 83.42, 83.43 And 83.44.
Section 83.41 — Interstate Rendition.
Section 83.42 — Statute Of Limitations.
Section 83.43 — Criminal Penalties.