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Degree of Regulation: Effective August 1, 2007, issuance of charitable gift annuities is exempt under Minnesota Securities Statute 80A.45 Section 201(7).
Notification/Contact with State Regulators: Filing with the state is no longer required. Under prior law a charity needed to meet criteria regarding unrestricted assets and years of operation and submit certain information to the Minnesota Department of Commerce.
Disclosure Language Required: None
Links to State Regulations Pages:
State Regulations (copy & paste below into your browser) -
http://ros.leg.mn/bin/getpub.php?pubtype=STAT_CHAP&year=2007§ion=80A#stat.80A.45.0
Contact:
Diane Walters
Registration Division
Minnesota Department of Commerce
85 7th Place East, Suite 500
St. Paul, MN 55501
Phone: (651) 296-4973
Email: diane.walters@state.mn.us
While every effort is made to provide accurate data, neither any persons named in these pages nor the American Council on Gift Annuities guarantees the accuracy of the data presented here.
The user of this information is solely responsible for determining and verifying the accuracy of the data presented here and how it is used by the reader. This information is provided solely as a resource.
This information is supplied by:
State Regulations Committee
American Council on Gift Annuities
233 McCrea Street, Suite 400
Indianapolis, IN 46225
Phone: 317-269-6271
Fax: 317-269-6276
E-mail: acga@acga-web.org
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Copyright © 2000-2008. American Council on Gift Annuities. All Rights Reserved.
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