30-10-322. Loss causation. In any private action arising under this part, if any portion or all of the amount recoverable represents other than the depreciation in value of the subject security resulting from a part of the prospectus or oral communication not being true or omitting to state a material fact required to be stated in the prospectus or oral communication or necessary to make the statement not misleading, then that portion or amount is not recoverable with respect to the liability of that person.
History: En. Sec. 8, Ch. 468, L. 1997.
Structure Montana Code Annotated
Chapter 10. Securities Regulation
Part 3. Offenses, Penalties, and Immunities
30-10-301. Fraudulent and other prohibited practices
30-10-303. Unlawful representation concerning registration or exemption
30-10-304. Investigations and subpoenas
30-10-305. Injunctions and other remedies -- limitations on actions
30-10-306. Criminal liabilities
30-10-307. Civil liabilities -- limitations on actions
30-10-308. Judicial review of orders
30-10-309. Securities restitution
30-10-310. Reporting requirements
30-10-311. through 30-10-314 reserved
30-10-315. Requirements for securities fraud actions -- definition
30-10-317. Defendant's right to written interrogatories
30-10-318. Limitation on damages
30-10-319. Applicability of safe harbor for forward-looking statements
30-10-320. Prohibition of referral fees
30-10-321. Prosecution of persons aiding violations
30-10-322. Loss causation
30-10-325. Operating pyramid promotional scheme unlawful
30-10-327. Multilevel marketing company -- notice of activity -- consent to service
30-10-328. through 30-10-339 reserved
30-10-340. Governmental disclosure -- immunity