Termination of cause of action
A cause of action with respect to a fraudulent transfer or obligation under this part is terminated unless an action is brought under:
(1) 31-2-333(1)(a) within 4 years after the transfer was made or the obligation was incurred or, if later, within 2 years after the transfer or obligation was or could reasonably have been discovered by the claimant;
(2) 31-2-333(1)(b) or 31-2-334(1) within 4 years after the transfer was made or the obligation was incurred; or
(3) 31-2-334(2) within 2 years after the transfer was made or the obligation was incurred.
| EnactedEn. SectionSec. 10, ChapterCh. 324, Laws ofL. 1991 |
| AmendedAmd. SectionSec. 1, ChapterCh. 440, Laws ofL. 2005 (HB 345 - Gallik, Dave (D) HD 79) |