103G.146 DUTY OF CANDOR.
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/mn/chapter-103/103g-146A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
103G.146 DUTY OF CANDOR.
(a)A person must not knowingly:
(1)make a false statement of fact or fail to correct a false statement of material fact regarding any matter pertaining to this chapter;
(2)fail to disclose information that the person knows is necessary for the commissioner to make an informed decision under this chapter; or
(3)offer information that the person knows to be false.
(b)If a person has offered material information to the commissioner and the person comes to know the information is false, the person must take reasonable remedial measures to provide the accurate information.