Chapter 80B — Registration of Takeover Offers

80B.01 Definitions This section defines key terms used in Minnesota's corporate takeover law. It explains what words like affiliate, … 80B.02 This section has been repealed and no longer contains operative statutory text. The only remaining content is the … 80B.03 Registration of Takeover Offers This section makes it unlawful to make a takeover offer for a Minnesota target company unless the offer is effective, … 80B.04 Filing of Solicitation Materials This section requires that copies of all solicitation materials used in a takeover, including advertisements, circulars, … 80B.05 Fraudulent and Deceptive Practices This section makes it illegal to use false, misleading, or incomplete information in connection with a takeover offer. … 80B.06 Limitations on Offerors This section sets limits on anyone making a corporate takeover offer. The offer must be made to Minnesota stockholders … 80B.07 Administration, Rules and Orders This section sets out how the commissioner of commerce administers Minnesota's takeover law. The commissioner may use … 80B.08 Fees and Expenses This section sets the filing fee for a corporate takeover registration. The commissioner of commerce must charge a $250 … 80B.09 Injunctions This section gives the commissioner of commerce tools to stop violations of Minnesota's takeover law. When it appears … 80B.10 Penalties This section sets the penalties for violating Minnesota's takeover law. Anyone who willfully violates the law, a rule, … 80B.11 Civil Liabilities This section creates civil liability when an offeror buys a security in a takeover offer that violates sections 80B.01 … 80B.12 Application of Corporate Takeover Law The only operative part of this section exempts certain regulated companies from the takeover law. Sections 80B.01 to … 80B.13 Application of Securities Law This section ties the takeover law to Minnesota's general securities law. It provides that all provisions of chapter 80A …