2011 US Code
Title 12 - Banks and Banking
Chapter 22 - TYING ARRANGEMENTS (§§ 1971 - 1978)
Section 1977 - Limitation of actions; suspension of limitations
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 22 - TYING ARRANGEMENTS Sec. 1977 - Limitation of actions; suspension of limitations |
| Contains | section 1977 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 91-607, title I, §106(g), Dec. 31, 1970, 84 Stat. 1768. |
| Statutes at Large Reference | 84 Stat. 1768 |
| Public Law Reference | Public Law 91-607 |
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(1) Subject to paragraph (2) of this section, any action to enforce any cause of action under this chapter shall be forever barred unless commenced within four years after the cause of action accrued.
(2) Whenever any enforcement action is instituted by or on behalf of the United States with respect to any matter which is or could be the subject of a private right of action under this chapter, the running of the statute of limitations in respect of every private right of action arising under this chapter and based in whole or in part on such matter shall be suspended during the pendency of the enforcement action so instituted and for one year thereafter: Provided, That whenever the running of the statute of limitations in respect of a cause of action arising under this chapter is suspended under this paragraph, any action to enforce such cause of action shall be forever barred unless commenced either within the period of suspension or within the four-year period referred to in paragraph (1) of this section.
(Pub. L. 91–607, title I, §106(g), Dec. 31, 1970, 84 Stat. 1768.)
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