Ala. Code § 8-9A-9

Extinguishment of Claim for Relief.

Known as the Alabama Uniform Fraudulent Transfer Act

The act spans §§ 8–8 (12 sections).

Applied in 2 court decisions — leading case Premier Capital Funding, Inc. v. Earle (In Re Earle) (2002)

Most recently applied in Official Committee of Unsecured Creditors of SGK Ventures, LLC v. NewKey Group, LLC (In re SGK Ventures, LLC) (November 2014)

(Acts 1989, No. 89-793, p. 1585, §9.)

A claim for relief with respect to a fraudulent transfer under this chapter is extinguished unless action is brought:

(1) Under Section 8-9A-4(a) within 10 years after the transfer of real property was made.

(2) Under Section 8-9A-4(a) within six years after the transfer of personal property was made.

(3) Under Section 8-9A-4(c) or 8-9A-5(a), within four years after the transfer was made when the action is brought by a creditor whose claim arose before the transfer was made.

(4) Under Section 8-9A-4(c), within one year after the transfer was made when the action is brought by a creditor whose claim arose after the transfer was made; or

(5) Under Section 8-9A-5(b), within one year after the transfer was made.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.