Minnesota Statutes

Minn. Stat. § 80A.49 (2026)

Section 301; Securities Registration Requirement

✓ current as of May 2026

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It is unlawful for a person to offer or sell a security in this state unless:

(1) the security is a federal covered security;

(2) the security, transaction, or offer is exempted from registration under sections 80A.45 through 80A.47; or

(3) the security is registered under this chapter.

Notes of Decisions

Cited in 2 cases, 2008–2020 · leading case: Risdall v. Brown-Wilbert, Inc., 753 N.W.2d 723 (Minn. 2008).

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Risdall v. Brown-Wilbert, Inc., 753 N.W.2d 723 (Minn. 2008). · cites it 2× “The exemption for "federal covered securities]” under the Uniform Securities Act is found at Minn.Stat. § 80A.49. 4 . Likewise, Minn.Stat.”

King v. Skolness (Bankr. N.D. Ga. 2020). “4 Minn. Stat. § 80A.49 provides, in part, that it is unlawful for a person to offer or sell a security in Minnesota unless the security, transaction, or offer is exempted from registration under sections 80A.”

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