Section 83.33 Blanket Encumbrance Sales and Other Prohibited Acts - Minnesota Statutes

83.33 BLANKET ENCUMBRANCE SALES AND OTHER PROHIBITED ACTS.

Subdivision 1.Compliance with rules.

A person may not sell lots, units, parcels, or interests within a subdivision subject to a blanket encumbrance without having complied with such rules as the commissioner may promulgate concerning such sales, which rules shall be specific requirements for the protection of the purchaser.

Subd. 2.Use of prohibited practice.

The act, use, or employment by any person of any prohibited practice as set forth in section 83.24, with the intent that others rely thereon in connection with the offer or sale of subdivided lands not excepted from sections 83.20 to 83.42, 83.43 and 83.44 is a violation of sections 83.20 to 83.42, 83.43 and 83.44, whether or not any person has in fact been damaged thereby.

Subd. 3.

[Repealed, 1984 c 452 s 30]

History:

1973 c 413 s 14; 1984 c 452 s 17,18; 1986 c 444