S.D. Codified Laws § 54-8A-9

Extinguishment of cause of action

Known as the Uniform Fraudulent Transfer Act

The act spans §§ 54–54 (12 sections).

Applied in 2 court decisions — leading case State Ex Rel. Department of Revenue v. Karras (1994)

Most recently applied in 926 F. Supp. 877 - United States v. Schiefen (September 1995)

Source: SL 1987, ch 365, § 9.

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

(a) Under subsection 54-8A-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;

(b) Under subsection 54-8A-4(a)(2) or subdivision 54-8A-5(a) within four years after the transfer was made or the obligation was incurred; or

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