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INVESTMENT CO. INSTITUTE v. HATCH

No. C4-91-904.

477 N.W.2d 747 (1991)

INVESTMENT COMPANY INSTITUTE, Appellant, v. Michael HATCH in his capacity as Commissioner of Commerce, et al., Respondents.

Court of Appeals of Minnesota.

November 26, 1991.

Attorney(s) appearing for the Case

John D. French, Elizabeth L. Taylor, Faegre & Benson, Minneapolis, Harvey L. Pitt, James H. Schropp, John F. Coverdale, Fried, Frank, Harris, Shriver & Jacobson, Washington, D.C., (Matthew P. Fink, Lawrence A. Rogers, Patricia Louie, Investment Co. Institute, Washington, D.C., of counsel), for appellant.

Hubert H. Humphrey, III, Atty. Gen., Deborah J. Kohler, Spec. Asst. Atty. Gen., St. Paul, for Respondents.

Considered and decided by KLAPHAKE, P.J., and CRIPPEN, and LOMMEN, JJ.

OPINION

CRIPPEN, Judge.

Appellant contends that the statutory registration fee scheme embodied in Minn. Stat. § 80A.28, subd. 1(b) (1990) violates both the due process and the equal protection clauses of the United States Constitution. We affirm the trial court's summary judgment that the statutory language and legislative history sufficiently support the use of Minn.Stat. § 80A.28, subd. 1(b) to raise revenues.

FACTS

Subdivision...

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