2012 South Dakota Codified Laws
Title 54 DEBTOR AND CREDITOR
Chapter 08A. Uniform Fraudulent Transfer Act
§54-8A-9 Extinguishment of cause of action.
54-8A-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:
(a) Under subsection 54-8A-4(a)(1) 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;
(b) Under subsection 54-8A-4(a)(2) or subdivision 54-8A-5(a) within four years after the transfer was made or the obligation was incurred; or
(c) Under subdivision 54-8A-5(b) within one year after the transfer was made or the obligation was incurred.
Source: SL 1987, ch 365, § 9.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
