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U.S. Code as of:
01/19/04
Section 78aa-1. Special provision relating to statute of limitations on private causes of action
(a) Effect on pending causes of action
The limitation period for any private civil action implied under
section 78j(b) of this title that was commenced on or before June
19, 1991, shall be the limitation period provided by the laws
applicable in the jurisdiction, including principles of
retroactivity, as such laws existed on June 19, 1991.
(b) Effect on dismissed causes of action
Any private civil action implied under section 78j(b) of this
title that was commenced on or before June 19, 1991 -
(1) which was dismissed as time barred subsequent to June 19,
1991, and
(2) which would have been timely filed under the limitation
period provided by the laws applicable in the jurisdiction,
including principles of retroactivity, as such laws existed on
June 19, 1991,
shall be reinstated on motion by the plaintiff not later than 60
days after December 19, 1991.
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