2020 US Code
Title 15 - Commerce and Trade
Chapter 2B - Securities Exchanges
Sec. 78aa-1 - Special provision relating to statute of limitations on private causes of action

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Citation 15 U.S.C. § 78aa-1 (2020)
Section Name §78aa–1. Special provision relating to statute of limitations on private causes of action
Section Text (a) Effect on pending causes of action

The limitation period for any private civil action implied under section 78j(b) of this title 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 78j(b) of this title 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 December 19, 1991.

Source Credit

(June 6, 1934, ch. 404, title I, §27A, as added Pub. L. 102–242, title IV, §476, Dec. 19, 1991, 105 Stat. 2387.)

Editorial Notes CONSTITUTIONALITY

For information regarding constitutionality of certain provisions of section 27A of act June 6, 1934, as added by section 476 of Pub. L. 102–242, see Congressional Research Service, The Constitution of the United States of America: Analysis and Interpretation, Appendix 1, Acts of Congress Held Unconstitutional in Whole or in Part by the Supreme Court of the United States.

Publication Title United States Code, 2018 Edition, Supplement 2, Title 15 - COMMERCE AND TRADE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 15 - COMMERCE AND TRADE
CHAPTER 2B - SECURITIES EXCHANGES
Sec. 78aa-1 - Special provision relating to statute of limitations on private causes of action
Contains section 78aa-1
Date 2020
Laws In Effect As Of Date January 13, 2021
Positive Law No
Disposition standard
Statutes at Large References 105 Stat. 2387
Public Law References Public Law 102-242
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