Montana § 17-6-231 - Definitions
Full text of Montana Montana Code Annotated § 17-6-231 — Definitions, with citation guidance and answers to common questions.
§ 17-6-231. Definitions
Definitions. For the purposes of 17-6-232 , 17-6-233 , and this section: (1) (a) "Material" means a risk or return regarding which there is a substantial likelihood that a reasonable investor would attach importance when: (i) evaluating the potential financial return and financial risks of an existing or prospective investment; or (ii) exercising, or declining to exercise, any rights appurtenant to securities. (b) When used to qualify a risk or return, the term does not include furthering nonpecuniary, environmental, social, governance, or other similarly oriented considerations, or any portion of a risk or return that primarily relates to events that involve a high degree of uncertainty regarding what may or may not occur in the distant future and are systemic, general, or not investment-specific in nature. (2) "Nonpecuniary" includes any action taken or factor considered by a fiduciary with any purpose to further environmental, social, governance, or other similarly oriented considerations. (3) (a) "Pecuniary factor" means a factor that has a material effect on the financial risk or financial return of an investment based on appropriate investment horizons consistent with the plan's investment objectives and funding policy. (b) The term does not include nonpecuniary factors.
Frequently Asked Questions About Montana § 17-6-231
What does Montana Code Annotated § 17-6-231 cover?
Section 17-6-231 ("Definitions") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 17-6-231?
A common citation format is "Montana Code Annotated § 17-6-231" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 17-6-231 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.