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Miss. Code Ann. § 15-3-115

Extinguishment of cause of action

Applied in 1 court decision — leading case Finn v. Alliance Bank (2013)

Most recently applied in Finn v. Alliance Bank (September 2013)

Laws, 2006, ch. 371, § 8, eff from and after July 1, 2006.

A cause of action with respect to a fraudulent transfer or obligation under this article is extinguished unless action is brought:

Under Section 15-3-107(1), within three (3) years after the transfer was made or the obligation was incurred or, if later, within one (1) year after the transfer or obligation was or could reasonably have been discovered by the claimant;

Under Section 15-3-107(2)(l) or (m), within three (3) years after the transfer was made or the obligation was incurred; or

Under Section 15-3-107(2)(n), within one (1) year after the transfer was made or the obligation was incurred.

Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.