2014 Nebraska Revised Statutes
Chapter 36 - FRAUD
36-710 - Extinguishment of cause of action.
36-710. Extinguishment of cause of action.
A cause of action with respect to a fraudulent transfer or obligation under the Uniform Fraudulent Transfer Act is extinguished unless action is brought:
(a) under subdivision (a)(1) of section 36-705, within four 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; or
(b) under subdivision (a)(2) of section 36-705 or section 36-706, within four years after the transfer was made or the obligation was incurred.
Source
- Laws 1989, LB 423, ยง 10.
Annotations
An appeal of a district court's determination that a transfer of an asset was not in violation of the Uniform Fraudulent Transfer Act is equitable in nature. Parker v. Parker, 268 Neb. 187, 681 N.W.2d 735 (2004).
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