Bill Would Increase Securities Law Violations Statute of Limitations
First reported: February 19, 2004
A bill is winding its way through the California legislature that would increase the statute of limitations for violations of the California Securities Laws arising from fraudulent practices and other prohibited acts. AB 1863 would amend Cal. Corp. Code §25506 by increasing the statute of limitations from the earlier of four years from the violation or one year from discovery, to the earlier of five years from the violation or two years from discovery.
(Source: © 2005 The State Bar of California)
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