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: Under section 28-3104(a)(1), within 4 years after the transfer was made or the obligation was incurred or, if later, within 1 year after the transfer or obligation was, or could reasonably have been discovered by the claimant; Under section 28-3104(a)(2) or section 28-3105(a), within 4 years after the transfer was made or the obligation was incurred; or Under section 28-3105(b), within 1 year after the transfer was made or the obligation was incurred.
Annotations
Feb. 9, 1996, D.C. Law 11-83, § 2, 42 DCR 6773 Uniform Law: This section is based upon § 9 of the Uniform Fraudulent Transfer Act. 1981 Ed., § 28-3109.
Sourced from the DC Council Open Law Library (public domain).
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