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Minnesota Criminal Justice Statute Service
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80G.02.1
Statute ID:
18546
Statute Function ID:
37897
Bullion Dealers - Registration Required
In Effect
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Function Details
History
Text
Charge
Classifications
Offense Level:
Petty Misdemeanor (PM)
General Offense Code:
Other (9)
Offense Summary Code & Rank:
Crimes Against Govt (Y) (Rank 19)
Detailed Offense Code:
Violation of Regulation/Licensing Rule (922)
Offense Severity Level:
Function Text:
UCR Code
Description
90Z
All Other Offenses
Flags
Crime of Violence:
No
Targeted Misdemeanor:
No
Predatory Offender Registration Review:
No
Enhanceable:
No
Certify to DPS:
No
Report to DNR:
No
DPS Group:
No
Conditional Release:
No
Payable:
No
Petty Misdemeanor Only if Prosecutor Certifies:
Yes
Third Violation Indicator:
No
Qualified Domestic Violence Related:
No
Nonviolent Controlled Substance Offender Review:
No
Wildlife Restitution:
No
Statute Number:
80G.02.1
Enactment Date:
May 22, 2022
Effective Date:
Aug 2, 2022
Expiration Date:
Repealed?:
No
Summary Text:
Bullion Dealers - Registration Required
Statute ID:
18546
Created:
Jul 13, 2022 by mnjis.legal.analyst@state.mn.us
Updated:
Jul 13, 2022 by mnjis.legal.analyst@state.mn.us
Last Update Action:
Added
Legal Analyst Comment:
Amended 2022 cl75 sect3; Misdemeanor Per 80G.08
Summary Text:
Bullion Dealers - Registration Required
Link to MN Statute Text:
https://www.revisor.leg.state.mn.us/stats/80G/02.html
Legislative Session:
2022 - Regular
Session Law Text?:
No
Statute text last updated on:
Jul 13, 2022
It is unlawful for a dealer or dealer representative to conduct a Minnesota transaction without being registered by the commissioner as provided for in this chapter. A dealer must submit an application to register itself and each of its dealer representatives within 45 days of reaching $25,000 in the aggregate of Minnesota transactions between July 1 and June 30 of any year, as determined by the transactions' sale or purchase prices. Once a dealer is required to register itself and its dealer representatives, the dealer must thereafter renew its registration and the registration of each of its dealer representatives in accordance with this chapter unless the person ceases to be a dealer. A dealer representative may not buy, sell, solicit, or market bullion products or investments in bullion products on behalf of a dealer unless the dealer is properly registered with the commissioner under this section.
