Securities Legislation - Minnesota

Relating to the organization, operation and financing of state government ARTICLE 1 - APPROPRIATIONS Providing a summary of appropriations and appropriation reductions by fund; reducing certain prior appropriations to the commissioner of commerce for administration and office of energy security programs, to the commissioner of employment and economic security (DEED) for the employment grants program, to the commissioner of labor and industry for the municipal building permit reporting unit in the labor standards program and to the bureau of mediation services; appropriating money to the commissioner of commerce for energy and telecommunications, to the commissioner of employment and economic development (DEED) for business and community development and workforce development, to Explore Minnesota tourism for the Minnesota film and TV board, to the Minnesota historical society for the sesquicentennial commission [...]

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Modifying the Minnesota securities act; changing the name from uniform securities act of 2002 to the Minnesota securities act; regulating registration, filings, and fees; defining accredited investor; modifying exempt transactions by requiring issuers selling to purchasers to provide certain transaction notice and fee to administrators by a certain time in advance of sales, permitting issuers to make sales to certain numbers of purchasers, requiring persons distributing issuer securities to provide notice by filing a written description of the transaction and by requiring persons establishing employee benefits plans to provide notice of transaction by filing a written description of the transaction with a consent of service of process; modifying small corporate registration statement requirements; exempting accredited investors from broker dealer, investment adviser and federal covered investment adviser notice registration [...]

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Relating to the organization, operation and financing of state government ARTICLE 1 - APPROPRIATIONS Providing a summary of appropriations and appropriation reductions by fund; reducing certain prior appropriations to the commissioner of commerce for administration and office of energy security programs, to the commissioner of employment and economic security (DEED) for the employment grants program, to the commissioner of labor and industry for the municipal building permit reporting unit in the labor standards program and to the bureau of mediation services; appropriating money to the commissioner of commerce for energy and telecommunications, to the commissioner of employment and economic development (DEED) for business and community development and workforce development, to Explore Minnesota tourism for the Minnesota film and TV board, to the Minnesota historical society for the sesquicentennial commission [...]

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Modifying the Minnesota securities act; changing the name from uniform securities act of 2002 to the Minnesota securities act; regulating registration, filings, and fees; defining accredited investor; modifying exempt transactions by requiring issuers selling to purchasers to provide certain transaction notice and fee to administrators by a certain time in advance of sales, permitting issuers to make sales to certain numbers of purchasers, requiring persons distributing issuer securities to provide notice by filing a written description of the transaction and by requiring persons establishing employee benefits plans to provide notice of transaction by filing a written description of the transaction with a consent of service of process; modifying small corporate registration statement requirements; exempting accredited investors from broker dealer, investment adviser and federal covered investment adviser notice registration [...]

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