An action upon any bonds or coupons issued by the State of California shall have no limitation.
§ 348.5.Bonds Or Coupons Issued By State
Title 2. Of the Time of Commencing Civil Actions · Chapter 3. The Time of Commencing Actions Other Than for the Recovery of Real Property · Enacted 2010 · no amendments on record · Last verified July 28, 2026
In one sentenceSection 348.5 places no limitation on an action upon any bonds or coupons issued by the State of California.
Full Text of § 348.5
Plain-English Summary
Section 348.5 is a short, single-purpose provision: an action on any bonds or coupons issued by the State of California itself has no limitation. Unlike § 336a’s six-year period for publicly held corporate bonds or § 337.5’s 10-year period for local-government bonds, state-issued bonds and coupons carry no outer deadline at all.
The section, added in 2010, groups state-issued debt instruments with the other no-limitation categories in this chapter, alongside § 348’s treatment of bank and trust deposits.
Frequently Asked Questions
Is there a statute of limitations on California state bonds?
No. Section 348.5 provides that an action on bonds or coupons issued by the State of California has no limitation.
How does § 348.5 differ from the bond deadlines in §§ 336a and 337.5?
Those sections set six-year and 10-year periods for corporate and local-government bonds; § 348.5 instead removes any deadline for bonds and coupons the State of California itself issues.
Amendment History
Added by Stats 2010 ch 719 (SB 856),s 8, eff. 10/19/2010.
Source & verification. Section text is reproduced verbatim from
the Deering's California Codes Annotated / vLex. Enacted by the California Legislature.
Last verified July 28, 2026.
· Official source
Also known as: California state bonds statute of limitations