33-209. Extinguishment of cause of action.

33-209

Chapter 33.--STATUTE OF FRAUDS; FRAUDULENT CONVEYANCES Article 2.--UNIFORM FRAUDULENT TRANSFER ACT

      33-209.   Extinguishment of cause of action.A cause of action with respect to a fraudulent transfer orobligation under this act is extinguished unless action is brought:

      (a)   Under subsection (a)(1) of K.S.A. 33-204, within four yearsafter thetransfer was made or the obligation was incurred or, if later, within one yearafter the transfer or obligation was or could reasonably have been discoveredby the claimant;

      (b)   under subsection (a)(2) of K.S.A. 33-204 or subsection (a) ofK.S.A. 33-205,within four years after the transfer was made or the obligation was incurred;or

      (c)   under subsection (b) of K.S.A. 33-205, within one year afterthe transferwas made or the obligation was incurred.

      History:   L. 1998, ch. 13, § 9; Jan. 1, 1999.