CITE

    15 USC Sec. 78aa-1                                          01/08/2008

EXPCITE

    TITLE 15 - COMMERCE AND TRADE
    CHAPTER 2B - SECURITIES EXCHANGES

HEAD

    Sec. 78aa-1. Special provision relating to statute of limitations
      on private causes of action

STATUTE

    (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

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