Sec. 27A. special provision relating to statute of limitations on private causes of action
168 words·~1 min read·
/statute-compilations/comps-1885/sec-27aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 27A special provision relating to statute of limitations on private causes of action **[**78aa–1**]** ###
(a)Effect on Pending Causes of Action The limitation period for any private civil action implied under section 10(b) of this Act that was commenced on or before June 19, 1991, shall be the limitation period provided by the laws applicable in the jurisdiction, including principles of retroactivity, as such laws existed on June 19, 1991. ###
(b)Effect on Dismissed Causes of Action Any private civil action implied under section 10(b) of this Act that was commenced on or before June 19, 1991— ####
(1)which was dismissed as time barred subsequent to June 19, 1991, and ####
(2)which would have been timely filed under the limitation period provided by the laws applicable in the jurisdiction, including principles of retroactivity, as such laws existed on June 19, 1991, shall be reinstated on motion by the plaintiff not later than 60 days after the date of enactment of this section.