30-10-911. Unlawful representation concerning approval of application. The fact that an application for a license to offer or sell living trusts has been filed or approved in this state does not constitute a finding by the state auditor that any document filed under this part is true, complete, and not misleading. The state auditor's approval of an application for a license to offer or sell a living trust may not be construed as a determination of the merits of any transaction or a recommendation of any person or transaction. It is unlawful to make or cause to be made to any prospective purchaser, customer, or client any representation inconsistent with this section.
History: En. Sec. 11, Ch. 348, L. 1997.
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