Minnesota Statutes Real Estate Sales Regulations (Ch. 82-83) § 83.40. Scope of sections 83.20 to 83.42, 83.43 and 83.44

Subdivision 1. In-state offer or sale. The provisions ofsections 83.20to83.42,83.43and83.44concerning offers and sales of subdivided lands apply when an offer or sale is made in this state.

Subd. 2. In-state offer or sale defined. For the purpose ofsections 83.20to83.42,83.43and83.44, an offer or sale is made in this state, whether or not either party is then present in this state, when:

Subd. 3. Exclusions. An offer or sale is not made in this state when a publisher circulates or there is circulated on the publisher's behalf in this state any bona fide newspaper or other publication of general, regular, and paid circulation which is not published in this state, or a radio or television program originating outside this state is received in this state.

Subd. 4. Lien of mortgage. Notwithstanding any provision ofsections 83.20to83.42,83.43and83.44to the contrary,sections 83.20to83.42,83.43and83.44do not apply to or invalidate the lien of a mortgagee, nonaffiliated with the subdivider, when said lien attaches to land pledged as collateral in a transaction negotiated directly with the purchaser.