Any transaction that has been or shall be exempted from the requirements of clause (1) of the act shall, insofar as it is otherwise subject to the provisions of clause (2) of the act, be likewise exempted from clause (2) of the act.
Minn. R. agency 120, ch. 2715, REPORTS UNDER MINNESOTA STATUTES, SECTION 60A.22, SUBDIVISION 2, CLAUSE (1), pt. 2715.5200
Statutory Authority: MS s 60A.22