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KRS 378A.090

Extinguishment of claim for relief

Known as the Kentucky Uniform Voidable Transactions Act

The act spans §§ 378A.005 to 378A.140 (15 sections).

Effective: January 1, 2016 History: Created 2015 Ky

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

(1) Under KRS 378A.040(1)(a), not later than four (4) years after the transfer was made or the obligation was incurred or, if later, not later than one (1) year after the transfer or obligation was or could reasonably have been discovered by the claimant;

(2) Under KRS 378A.040(1)(b) or 378A.050(1), not later than four (4) years after the transfer was made or the obligation was incurred; or (3) Under KRS 378A.050(2), no later than one (1) year after the transfer was made.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.