Subdivided Land and Time Shares
It is unlawful to offer or sell a subdivided land interest in Minnesota unless that interest or contract is either registered or exempt from registration. As such, the Minnesota Department of Commerce-Securities Unit is responsible for the registration and regulation of the sale and marketing of subdivided land which includes lots, points, timeshares, and fractional share ownership of land in the State.
The law provides consumer protection to purchasers. Subdivided Land Laws are found in Minnesota Statute § 83 and Minnesota Rules 2810.
Prior to filing an application to register sell subdivided landing the State of Minnesota, it is highly recommended that you consult with an attorney specializing in Minnesota real estate law.
Timeshares and Subdivided Land Registration Requirements
Before making any subdivided land offers or sales in Minnesota, projects are required to be registered or exempt under Minnesota Statute § 83.