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NRS 112.230

Limitation of actions; exception for spendthrift trusts

Known as the Uniform Fraudulent Transfer Act

The act spans §§ 112–112 (12 sections).

Applied in 3 court decisions — leading case Finn v. Alliance Bank (2013)

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

(Added to NRS by 1987, 13; A 1999, 1239; 2015, 1423)

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

(a) Under paragraph (a) of subsection 1 of NRS 112.180, within 4 years after the transfer was made or the obligation was incurred or, if later, within 1 year after the transfer or obligation was or could reasonably have been discovered by the claimant;

(b) Under paragraph (b) of subsection 1 of NRS 112.180 or subsection 1 of NRS 112.190, within 4 years after the transfer was made or the obligation was incurred; or

(c) Under subsection 2 of NRS 112.190, within 1 year after the transfer was made or the obligation was incurred.

2. This section does not apply to a claim for relief with respect to a transfer of property to a spendthrift trust subject to chapter 166 of NRS.

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