44-2004. Limitation of civil actions
A. No civil action shall be maintained under this article to enforce any liability
based on a violation of section 44-1841 or 44-1842 unless brought within one year after
the violation occurs.
B. Except as provided in subsection C of this section, no civil action shall be
brought under this article to enforce any liability based on a violation of article 13 of
this chapter unless brought within two years after discovery of the fraudulent practice
on which the liability is based, or after the discovery should have been made by the
exercise of reasonable diligence.
C. No civil action shall be brought under this article to enforce any liability
based on a violation of section 44-1997 or 44-1998 unless brought within two years after
the discovery of the untrue statement or the omission. No action shall be brought to
enforce a liability created under section 44-1997 more than five years after a bona fide
offer of the security to the public or under section 44-1998 more than five years after
the sale of the security.
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