Rhode Island General Laws 19-28.1-22. Period of limitation
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An action under § 19-28.1-21 must be commenced not later than the earlier of:
(1) Four (4) years after the act or transaction constituting the violation; or
(2) Ninety (90) days after the receipt by the franchisee of a rescission offer in a form approved by the director.
History of Section.
P.L. 1993, ch. 395, § 2.
Terms Used In Rhode Island General Laws 19-28.1-22
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.