Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2876 - REGULATING SECURITIES
Part 2876.1000 - DEFINITIONS
Universal Citation: MN Rules 2876.1000
Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1. General terms and scope.
The terms used in this chapter that are not defined in this part have the meanings given them in Minnesota Statutes, chapter 80A.
Subp. 2. Control person.
For purposes of this chapter, "control person" means a partner, officer, director, manager, majority holder of securities, or anyone else having the power to direct the management of the entity, but does not include a person whose primary duties are ministerial or clerical.
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