The purpose of this memorandum is to review certain reporting and disclosure requirements, and certain restrictions that may limit the disposition of securities of the company held by its officers, directors and principal shareholders, which are imposed by the Securities Act of 1933, the Securities and Exchange Act of 1934, and the rules of the Securities and Exchange Commission thereunder. This memorandum is prepared for the management of the company and should be treated as a confidential communication between the company and its counsel.
Virginia Limitation on Disposition of Securities Memorandum
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FindLaw Newsletters Stay up-to-date with how the law affects your life Injury to PersonTwo years (Refer to §8.01-243(A).)Libel/SlanderTwo years (Refer to§8.01-243(A).)FraudTwo years (Refer to §8.01-243(A).)Injury to Personal PropertyFive years (Refer to §8.01-243(B).)6 more rows
A. Unless otherwise provided in this section or by other statute, every action for personal injuries, whatever the theory of recovery, and every action for damages resulting from fraud, shall be brought within two years after the cause of action accrues.
Examples of Virginia's Criminal Statutes of Limitations OffenseStatuteFelony kidnapping ("abduction"): No time limitManslaughter: No time limitVa. Code § 19.2-8.1 (2023)Murder: No time limitVa. Code § 19.2-8.1 (2023)Possession of alcohol by a minor: 1 yearVa. Code § 19.2-8 (2023)8 more rows ?
The statute of limitations to bring a claim under the Act is two years. § 59.1-204.1. All tolling and other quirks of Virginia SOL law apply to the Act. In addition, any private right of action is tolled during the pendancy of any administrative process.
Most misdemeanors in Virginia have a one-year time limit, including minor assault and battery and certain theft charges. However, Virginia is unique in that it does not have a statute of limitations for most felonies.
In Virginia, there is no statute of limitations for a felony, so the government's right to pursue prosecution against a felony suspect never expires. However, the statute of limitations for a misdemeanor is one year, so if you are not arrested within that time frame, you need not fear prosecution.
The principle exception to the statute of limitations is the discovery rule. Under this exception, the statute of limitations may be suspended for the period during which an injured person cannot reasonably be expected to discover the injury upon which a malpractice claim may be based.
Absent leave of court, if a brief in support of a motion is five or fewer pages in length, the required notice and the brief shall be filed and served at least 14 days before the hearing and any brief in opposition to the motion shall be filed and served at least seven days before the hearing.