Which event starts the three-year Securities Act repose component?

Section 13 measures the three-year boundary from bona fide public offering for Section 11 or Section 12(a)(1) liability, and from sale for Section 12(a)(2) liability. This page counts that established component. It does not choose the liability branch or replace the separate one-year requirement.

Responsible actor. The plaintiff enforcing the identified Securities Act liability.

Identify the provision creating the alleged liability.

For Section 11 or 12(a)(1), establish bona fide public offering; for Section 12(a)(2), establish sale.

Check the separate one-year requirement and actual forum.

First identify the statutory liability and corresponding event. The same three-year arithmetic does not make offering and sale interchangeable. Federal court computation is not a state-court filing review.

1. Applicable bona fide public offering date or Section 12(a)(2) sale date
2. For the established federal civil court component, FRCP 6(a)(1) excludes the trigger day and includes intermediate weekends and holidays. A period in months or years uses its corresponding calendar date, rather than a fixed number of days. The final weekend or legal holiday moves forward under Rule 6(a). A target month or year without the corresponding day requires separate endpoint review; this calculator refuses that input.
3. Complete the identified court action within every applicable Section 13 boundary. Preserve the statutory branch, offering or sale evidence, and filing receipt.

Retained 2024 annual U.S. Code, laws in effect January 6, 2025. The subsequent-law review covers the retained 119th Congress corpus through Public Law 119-118, approved September 30, 2026. Its scoped candidate findings do not establish every claim-specific exception or later judicial application. This page requires the stated covered cause and legally established event. Court computation uses the retained December 1, 2025 FRCP compilation; identified agency regulations use their separately stated 2026 API editions.

The calendar covers established events and results from January 1, 2025 through December 31, 2033. OPM observations for 2025–2030 are independently checked. Dates in 2031–2033 are standing-rule projections under 5 U.S.C. § 6103, not published OPM schedules. Additional presidential, congressional or district-state holidays, amendments and actual clerk inaccessibility require separate review. Inauguration Day is not treated as a nationwide district-court holiday. The coverage boundary does not establish statutory applicability or lateness.

Fictitious example

Fictitious independently established facts. First identify the statutory liability and corresponding event. The same three-year arithmetic does not make offering and sale interchangeable. Federal court computation is not a state-court filing review.

Fictitious independently established events and classifications. The displayed result is this one untolled component. Securities earlier-of comparisons and alternative wage classifications are separately identified. These examples do not determine accrual, discovery, statutory liability, the actual forum, an exception, a completed filing or an unrecorded closure. First identify the statutory liability and corresponding event. The same three-year arithmetic does not make offering and sale interchangeable. Federal court computation is not a state-court filing review.

Event selection

A purchase date cannot automatically substitute for bona fide public offering in a Section 11 claim.

One-year requirement

A three-year result is only one statutory boundary; the applicable one-year discovery or violation requirement remains.

No assumed extension

The component is calculated without a tolling or revival assumption. Resolve any disputed extension against controlling authority.

Calendar and endpoint coverage

The calendar covers established events and results from January 1, 2025 through December 31, 2033. OPM observations for 2025–2030 are independently checked. Dates in 2031–2033 are standing-rule projections under 5 U.S.C. § 6103, not published OPM schedules. Additional presidential, congressional or district-state holidays, amendments and actual clerk inaccessibility require separate review. Inauguration Day is not treated as a nationwide district-court holiday. The coverage boundary does not establish statutory applicability or lateness.

• First identify the statutory liability and corresponding event. The same three-year arithmetic does not make offering and sale interchangeable. Federal court computation is not a state-court filing review.
• The calculation supplies the stated component on established facts. Unmodeled tolling, competing components and claim-specific exceptions require separate controlling review.

• Identify the provision creating the alleged liability.
• For Section 11 or 12(a)(1), establish bona fide public offering; for Section 12(a)(2), establish sale.
• Check the separate one-year requirement and actual forum.
• A purchase date cannot automatically substitute for bona fide public offering in a Section 11 claim.
• A three-year result is only one statutory boundary; the applicable one-year discovery or violation requirement remains.
• The component is calculated without a tolling or revival assumption. Resolve any disputed extension against controlling authority.
• For this federal civil court component, FRCP 3 uses filing the complaint to commence the action, subject to a specific statutory requirement such as claimant written consent. Under FRCP 6(a)(4), the last day ordinarily ends at midnight in the court’s time zone for electronic filing, or at scheduled clerk closing for other filing. A different statute, local rule or court order can set a different time. Establish the actual court and completed filing; an unsuccessful attempt is not automatically a completed filing. Rule 6(a)(3) concerns actual clerk inaccessibility. Rule 6(d) is not an automatic addition to statutory accrual, discovery, denial-mailing or notice-receipt components.