Subd. 1. Service information.

Information, including data bases, purchased by the board or developed by the board for sale pursuant to section 44A.023, is not subject to chapter 13.

Subd. 2. Classification of data.

For purposes of this subdivision, "business transaction" means a transaction between parties other than the board. The following data received or developed by the board is private with respect to data on individuals and nonpublic with respect to data not on individuals:

1. (1) Data relating to the financial condition of individuals or businesses receiving or performing services by or on behalf of the board.
2. (2) At the request of either party to the transaction data on business transactions.
3. (3) At the request of the person or business seeking the information, the identities of persons or businesses requesting business or trade information from the board, and the nature of the trade information.