30-10-909. Fraudulent and other prohibited practices. It is unlawful for a person, in connection with the offer or sale of any living trust, directly or indirectly, in, into, or from this state, to:
(1) employ any device, scheme, or artifice to defraud;
(2) make any untrue statement of a material fact;
(3) fail to state a material fact necessary to render any statement made not misleading; or
(4) engage in any other act, practice, or course of business that operates or would operate as a fraud or deceit upon any person.
History: En. Sec. 9, Ch. 348, L. 1997; amd. Sec. 1, Ch. 513, L. 2005.
Structure Montana Code Annotated
Chapter 10. Securities Regulation
Part 9. Montana Living Trust Act
30-10-904. Licensure -- exemption
30-10-907. Fines and fees -- deposit to general fund
30-10-908. Consent to service of process -- manner of service
30-10-909. Fraudulent and other prohibited practices
30-10-911. Unlawful representation concerning approval of application
30-10-912. Investigations and subpoenas
30-10-913. Injunctions and other remedies -- limitations on actions -- criminal sanctions