TITLE 6
Commercial Law – General Regulatory Provisions

CHAPTER 6-16
Uniform Fraudulent Transfer Act

SECTION 6-16-9


§ 6-16-9 Extinguishment of cause of action.

A cause of action with respect to a fraudulent transfer or obligation under this chapter is extinguished unless action is brought:

(1) Under § 6-16-4(a)(1) within four (4) years after the transfer was made or the obligation was incurred or, if later, within one year after the transfer or obligation was or could reasonably have been discovered by the claimant;

(2) Under §§ 6-16-4(a)(2) or 6-16-5(a), within four (4) years after the transfer was made or the obligation was incurred; or

(3) Under § 6-16-5(b) within one year after the transfer was made or the obligation was incurred.

History of Section.
(P.L. 1986, ch. 438, § 2; P.L. 2014, ch. 528, § 14.)