§ 29553 Four-Year Statute Limitations

Corporations Code·California

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Key Takeaways

•You have only 4 years to sue someone for breaking this law after it happens.
•If you find out about the problem later, you have 1 year from when you discovered it to sue.
•You can't sue if you wait too long—either 4 years after the bad thing happened or 1 year after you found out, whichever is later.

Example

Someone hides a problem with a car they sold you, and you only find out 3 years later.

You have 1 year from when you discovered the problem to sue them, even though it happened 3 years ago.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 29553 Four-Year Statute Limitations

No action shall be maintained to enforce any liability under Section 29552 unless brought before the expiration of four years after the act or transaction constituting the violation or within one year after the discovery by the plaintiff of the facts constituting the violation, whichever occurs last. (Added by Stats. 1990, Ch. 969, Sec. 2.)

Last verified: January 23, 2026

Key Terms

liability Section 29552 violation discovery by the plaintiff

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 29553.

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Key Takeaways

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Related Statutes

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