Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2876 - REGULATING SECURITIES
Part 2876.3042 - PROSPECTUS DISTRIBUTION MAY BE REQUIRED

Universal Citation: MN Rules 2876.3042

Current through Register Vol. 49, No. 13, September 23, 2024

As a condition of registration under Minnesota Statutes, section 80A.52, a prospectus containing the information specified in part 2876.3040 must be sent or given to each person to which an offer is made, before or concurrently, with the earliest of:

A. the first offer made in a record to the person otherwise than by means of a public advertisement, by or for the account of the issuer or another person on whose behalf the offering is being made or by an underwriter or broker-dealer that is offering part of an unsold allotment or subscription taken by the person as a participant in the distribution;

B. the confirmation of a sale made by or for the account of the person;

C. payment pursuant to such a sale; or

D. delivery of the security pursuant to such a sale.

Statutory Authority: MS s 45.023; 80A.82

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