Minnesota Statutes

Minn. Stat. § 80A.40 (2026)

Section 101; Short Title

✓ current as of May 2026

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This chapter may be cited as the "Minnesota Securities Act."

Notes of Decisions

Cited in 4 cases (1 in the last 5 years), 2008–2025 · leading case: Costa v. Carambola Partners, LLC, 590 F. Supp. 2d 1141 (D. Minnesota 2008).

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Costa v. Carambola Partners, LLC, 590 F. Supp. 2d 1141 (D. Minnesota 2008). · cites it 2× “See Minn.Stat. §§ 80A.40 et seq. Plaintiffs’ complaint cites to the former version of the statute, which was in effect at the time they entered into their contracts.”

Zayed v. Arch Ins., 932 F. Supp. 2d 956 (D. Minnesota 2013). · cites it 4× “Cook’s complaint included claims for breach of contract, conversion, breach of fiduciary duty, and violation of the Minnesota Securities Act, Minn.Stat. § 80A.40 et seq. First Cook Compl.”

J. Moore L.L.C., Appellant, vs. State Farm Fire & Cas. Co., Respondent (Minn. Ct. App. 2025). · cites it 2× “91 cover the regulation of securities, Minn. Stat. §§ 80A.40–.91 (2024); chapters 82-83 cover real estate sales regulations, Minn.”

Vernon Schaff v. Residential Funding, 383 F.3d 544 (8th Cir. 2008). “§§ 77k, 771, and the Minnesota Securities Act, Minn.Stat. § 80A.40 et seq. In that suit, the state trial court refused to certify a class proposed by the plaintiffs, *549 and M & S later declared bankruptcy.”

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