Texas § 4008.062 STATUTE OF LIMITATIONS.

Texas Statutes

§ 4008.062 — STATUTE OF LIMITATIONS.

Texas § 4008.062

Code GVGovernment Code

This text of Texas § 4008.062 (STATUTE OF LIMITATIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 4008.062 (2026).

Text

Sec. 4008.062. 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

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Sec. 4008.062. 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 .
SUBCHAPTER C. CIVIL LIABILITY OF INVESTMENT ADVISERS AND INVESTMENT ADVISER REPRESENTATIVES