§ 77m. Limitation of actions
214 words·~1 min read·
/usc/title-15/section-77mA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No action shall be maintained to enforce any liability created under section 77k or 77l(a)(2) of this title unless brought within one year after the discovery of the untrue statement or the omission, or after such discovery should have been made by the exercise of reasonable diligence, or, if the action is to enforce a liability created under section 77l(a)(1) of this title, unless brought within one year after the violation upon which it is based. In no event shall any such action be brought to enforce a liability created under section 77k or 77l(a)(1) of this title more than three years after the security was bona fide offered to the public, or under section 77l(a)(2) of this title more than three years after the sale.
(May 27, 1933, ch. 38, title I, § 13, 48 Stat. 84; June 6, 1934, ch. 404, title II, § 207, 48 Stat. 908; Pub. L. 105–353, title III, § 301(a)(3), Nov. 3, 1998, 112 Stat. 3235.)
Connections9 cite this
Cited by 9 sections
statutes-at-large
register
7 references not yet in our index
- May 27, 1933, ch. 38
- 48 Stat. 84
- June 6, 1934, ch. 404
- 48 Stat. 908
- Pub. L. 105–353, title III, § 301(a)(3)
- 112 Stat. 3235
- Pub. L. 105–353
Citation graph
cites case law
§ 77m
Limitation of actions
Fed. Reg.×4
Stat.×2
U.S.C.×2
C.F.R.×1
ActMay 27, 1933, ch. 38
Stat.48 Stat. 84
ActJune 6, 1934, ch. 404
Stat.48 Stat. 908
Pub. L.Pub. L. 105–353, title III, § 301(a)(3)
Cites 7 · showing 5Cited by 9 across 4 sources