Texas § GV.4008.062 - STATUTE OF LIMITATIONS
Full text of Texas The Texas Constitution § GV.4008.062 — STATUTE OF LIMITATIONS, with citation guidance and answers to common questions.
§ GV.4008.062. STATUTE OF LIMITATIONS
STATUTE OF LIMITATIONS. (a) A person may not sue under Section 4008.051 or 4008.055 to the extent that section relates to Section 4008.051 : (1) more than three years after the date of the sale; (2) if the person received a rescission offer meeting the requirements of Section 4008.058 before suit, unless the person: (A) rejected the offer in writing within 30 days of the date the person received the offer; and (B) expressly reserved in the rejection the right to sue; or (3) more than one year after the date the person so rejected a rescission offer meeting the requirements of Section 4008.058 . (b) A person may not sue under Section 4008.052 , 4008.054 , or 4008.055 to the extent that section relates to Section 4008.052 or 4008.054 : (1) more than three years after the date of discovery of the untruth or omission, or after the date discovery should have been made by the exercise of reasonable diligence; (2) more than five years after the date of the sale; (3) if the person received a rescission offer meeting the requirements of Section 4008.058 before suit, unless the person: (A) rejected the offer in writing within 30 days of the date the person received the offer; and (B) expressly reserved in the rejection the right to sue; or (4) more than one year after the date the person so rejected a rescission offer meeting the requirements of Section 4008.058 . (c) A person may not sue under Section 4008.053 or 4008.055 to the extent that section relates to Section 4008.053 : (1) more than three years after the date of discovery of the untruth or omission, or after the date discovery should have been made by the exercise of reasonable diligence; (2) more than five years after the date of the purchase; (3) if the person received a rescission offer meeting the requirements of Section 4008.059 before suit, unless the person: (A) rejected the offer in writing within 30 days of the date the person received the offer; and (B) expressly reserved in the rejection the right to sue; or (4) more than one year after the date the person so rejected a rescission offer meeting the requirements of Section 4008.059 . Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022. SUBCHAPTER C. CIVIL LIABILITY OF INVESTMENT ADVISERS AND INVESTMENT ADVISER REPRESENTATIVES
Frequently Asked Questions About Texas § GV.4008.062
What does The Texas Constitution § GV.4008.062 cover?
Section GV.4008.062 ("STATUTE OF LIMITATIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.4008.062?
A common citation format is "The Texas Constitution § GV.4008.062" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.4008.062 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.