2011 North Carolina General Statutes
Chapter 39 Conveyances.
Article 3A - Uniform Fraudulent Transfer Act.
39-23.9. Extinguishment of cause of action.
39‑23.9. Extinguishment of cause of action.
A cause of action with respect to a fraudulent or voidable transfer or obligation under this Article is extinguished unless action is brought:
(1) Under G.S. 39‑23.4(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;
(2) Under G.S. 39‑23.4(a)(2) or G.S. 39‑23.5(a), within four years after the transfer was made or the obligation was incurred; or
(3) Under G.S. 39‑23.5(b), within one year after the transfer was made or the obligation was incurred. (1997‑291, s. 2.)
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