For the purpose of calculating the period of any applicable statute of limitations in any action or proceeding, either civil or criminal involving any violation of this chapter, the cause of action shall be deemed to have accrued not earlier than the time of recording with the county recorder of the county in which the property is situated of any deed, lease or contract of sale conveying property sold or leased in violation of this chapter and which describes a lot or parcel so wrongfully sold or leased.

This section does not prohibit the maintenance of any such action at any time before the recording of such instruments.

Terms Used In California Business and Professions Code 11021

  • Contract: A legal written agreement that becomes binding when signed.
  • County: includes city and county. See California Business and Professions Code 17
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.

(Amended by Stats. 1955, Ch. 1739.)

  Previous section
Next section  
 Article 2 Contents