15 U.S.C. § 77m : US Code - Section 77M: Limitation of actions

Search 15 U.S.C. § 77m : US Code - Section 77M: Limitation of actions

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.