Arkansas Code of 1987 (2024)
Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105)
Subtitle 5 - CONTRACTS, NOTES, AND OTHER COMMERCIAL INSTRUMENTS (§§ 4-56-101 — 4-60-103)
Chapter 59 - FRAUD (§§ 4-59-101 — 4-59-503)
Subchapter 2 - UNIFORM VOIDABLE TRANSACTIONS ACT (§§ 4-59-201 — 4-59-215)
Section 4-59-209 - Extinguishment of claim for relief

A claim for relief with respect to a transfer or obligation under this subchapter is extinguished unless action is brought:

• (a) under § 4-59-204(a)(1), not later than four years after the transfer was made or the obligation was incurred or, if later, not later than one year after the transfer or obligation was or could reasonably have been discovered by the claimant;

• (b) under § 4-59-204(a)(2) or § 4-59-205(a), not later than four years after the transfer was made or the obligation was incurred; or

• (c) under § 4-59-205(b), not later than one year after the transfer was made.

Amended by Act 2017, No. 1086,§ 1, eff. 8/1/2017.

Acts 1987, No. 967, § 9; 1993, No. 1279, § 3.