California Codes

Cal. Corporations Code § 25506.1 (2026)

Civil Liability

✓ current as of May 2026
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No action shall be maintained to enforce any liability created under Section 25504.2 unless brought within one year after the discovery of the facts constituting the violation, or after such discovery should have been made by the exercise of reasonable diligence. In no event shall any such action be brought more than three years after the act or transaction constituting the violation.

Notes of Decisions
Cited in 2 cases, 1988–1988 · leading case: In Re Rexplore, Inc. Sec. Litig., 685 F. Supp. 1132 (N.D. Cal. 1988).
In Re Rexplore, Inc. Sec. Litig., 685 F. Supp. 1132 (N.D. Cal. 1988). “California Corporations Code § 25506.1 provides that any action for a violation of Section 25504.”
Lubin v. Sybedon Corp., 688 F. Supp. 1425 (S.D. Cal. 1988). “Cal.Corp.Code § 25506.1 (West 1988). Finally, section 25507(a) applies to claims brought under section 25503; it provides: No action shall be maintained to enforce any liability created under Section 25503 (or Section 25504 or Section 25504.”
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