Acts and Regulations

S-5.5 - Securities Act

Section 161
Disposition versions

Full text
Limitation periods
161Unless otherwise provided in this Part, no action shall be commenced to enforce a right created by this Part more than,
(a) in the case of an action for rescission, 180 days after the date of the transaction that gave rise to the cause of action, or
(b) in the case of any action, other than an action for rescission, the earlier of
(i) one year after the plaintiff first had knowledge of the facts giving rise to the cause of action, and
(ii) 6 years after the date of the transaction that gave rise to the cause of the action.