136A.63 REGISTRATION. Subdivision 1. Annual registration. All schools with a physical presence in Minnesota which offer degree programs or courses within Minnesota shall register annually with the office. Subd. 2. Sale of an institution. Within 30 days of a change of its ownership a school must submit a registration renewal application, all usual and ordinary information and materials for an initial registration, and applicable registration fees for a new institution. For purposes of this subdivision, 'change of ownership' means a merger or consolidation with a corporation; a sale, lease, exchange, or other disposition of all or substantially all of the assets of a school; the transfer of a controlling interest of at least 51 percent of the school's stock; the school enters receivership; or a change in the nonprofit or for-profit status of a school. History: 1975 c 201 s 3; 1975 c 271 s 6; 1978 c 603 s 3; 1995 c 212 art 3 s 59; 2007 c 144 art 3 s 4; 2015 c 69 art 2 s 12; 1Sp2021 c 2 art 2 s 25; 2024 c 124 art 2 s 27; 2024 c 127 art 35 s 27
Minnesota Legal Code