Thiel v. TAURUS DRILLING LTD. 1980-II
Montana Supreme Court
1Opinion of the CourtJustice Weber
*204The United States District Court for the District of Montana has certified the following question to this Court:
“What statute or statutes of limitation apply to civil actions brought pursuant to Section 30-10-307, MCA, of the Securities Act of Montana?”
Based upon the pleadings in this case, we hold that the 8-year limitation period contained in Section 27-2-202(1), MCA, applies.
On September 16, 1980, plaintiffs John L. Thiel and Kathryn M. Thiel purchased two limited partnership units in Taurus Drilling Limited 1980-11, a Colorado limited partnership organized to explore and drill for oil and…
2Cases cited16 opinions
- Wilson v. GarciaSupreme Court of the United States · 1985
- Johnson v. Railway Express Agency, Inc.Supreme Court of the United States · 1975
- Board of Regents of Univ. of State of NY v. TomanioSupreme Court of the United States · 1980
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Hughes v. ReedCourt of Appeals for the Tenth Circuit · 1931
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