Nev. Rev. Stat. » NRS: CHAPTER 90 - SECURITIES (UNIFORM ACT)

Nev. Rev. Stat. § 90.670

Statute of limitations

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NRS 90.670  Statute of limitations.  A person may not sue under NRS 90.660 unless suit is brought within the earliest of 2 years after the discovery of the violation, 2 years after discovery should have been made by the exercise of reasonable care, or 5 years after the act, omission or transaction constituting the violation.

      (Added to NRS by 1987, 2183; A 1989, 160; 1993, 1229; 2003, 20th Special Session, 273)

     

Notes of Decisions
Cited in 5 cases (1 in the last 5 years), 1994–2024 · leading case: In Re Integrated Resources Real Estate Ltd. Partnerships Securities Litigation
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Clifford v. Tron Foundation (2024) nysd “…is barred by the two-year statute of limitations. (Def.’s Mem. 31) (citing Nev. Rev. Stat. § 90.670 .) This argument fails because Plaintiff Hardin purchased TRX as late as March 21, 2020, less than one month before Plaintiffs filed the initial complaint and less than six…”
Fed. Deposit Ins. Corp. v. First Horizon Asset Sec. Inc. (2018) ilsd · cites it 3× “…url="https://cite.case.law/citations/?q=Nev.%20Rev.%20Stat.%20%C2%A7%2090.670"> Nev. Rev. Stat. § 90.670 . The Alabama Securities Act claims are not subject to a statute of repose but are subject to a two year statute of limitations from the time the violation is…”
NNN Siena Office Park I 2, LLC v. Wachovia Bank National Ass'n (2016) ca9 “” Nev. Rev. Stat. § 90.670 . Claims based on common-law fraud are subject to a longer statute of limitations, which expires three years after the plaintiff discovered, or should have discovered through “the exer cise of proper diligence,” the facts underlying the alleged fraud.”
Baroi v. Platinum Condominium Development, LLC (2012) nvd · cites it 2× “Nevada Revised Statutes § 90.670 Count fifteen of the Third Amended Complaint asserts that Defendants issued unregistered securities and, pursuant to Nevada Revised Statutes § 90.”
In Re Integrated Resources Real Estate Ltd. Partnerships Securities Litigation (1994) nysd · cites it 2× “In the case at bar, not only the Barron Plaintiffs, but the Miami and Appraisal Defendants all seem to agree upon the statute of limitations period as set forth in the Nevada Uniform Securities Act, Nev.Rev.Stat. § 90.670, (effective, January 1, 1988).”
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