Montana § 33-3-443 - Short Sales Of Equity Securities Prohibited -- Time For Delivery After Sale
Full text of Montana Montana Code Annotated § 33-3-443 — Short Sales Of Equity Securities Prohibited -- Time For Delivery After Sale, with citation guidance and answers to common questions.
§ 33-3-443. Short Sales Of Equity Securities Prohibited -- Time For Delivery After Sale
Short sales of equity securities prohibited -- time for delivery after sale. (1) It is unlawful for any beneficial owner, director, or officer, directly or indirectly, to sell any equity security of the company if the person selling the security or the person's principal: (a) does not own the security sold; or (b) if the person owns the security, does not deliver it against the sale within 20 days or does not within 5 days after the sale deposit it in the mail or other usual channels of transportation. (2) A person may not be considered to have violated this section if the person proves that notwithstanding the exercise of good faith the person was unable to make the delivery or deposit within that time or that to do so would cause undue inconvenience or expense.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 33-3-443
What does Montana Code Annotated § 33-3-443 cover?
Section 33-3-443 ("Short Sales Of Equity Securities Prohibited -- Time For Delivery After Sale") 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 § 33-3-443?
A common citation format is "Montana Code Annotated § 33-3-443" (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 § 33-3-443 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.