8.__Right of contribution.__A person liable under this section has a right of contribution as in cases of contract against any other person liable under this section for the same conduct.

9.__Survival of cause of action.__A cause of action under this section survives the death of an individual who might have been a plaintiff or defendant.

10.__Statute of limitations.__A person may not obtain relief:

A.__Under subsection 2 for violation of section 16301 or under subsection 4 or 5, unless the action is instituted within 2 years after the violation occurred; or

B.__Under subsection 2, other than for violation of section 16301, or under subsection 3 or 5, unless the action is instituted within the earlier of 2 years after discovery of the facts constituting the violation or 5 years after the violation.

11.__No enforcement of violative contract. A person that has made, or has engaged in the performance of, a contract in violation of this chapter or a rule adopted or order issued under this chapter, or that has acquired a purported right under the contract with knowledge of conduct by reason of which its making or performance was in violation of this chapter, may not base an action on the contract.

12.__No contractual waiver. A condition, stipulation or provision binding a person purchasing or selling a security or receiving investment advice to waive compliance with this chapter or a rule adopted or order issued under this chapter is void.

13.__Survival of other rights or remedies.__The rights and remedies provided by this chapter are in addition to any other rights or remedies that may exist, but this chapter does not create a cause of action not specified in this section or section 16411, subsection 5.

Official Comments

Prior Provisions: 1956 Act Section 410; RUSA Sections 605-607, 609, 802.