(1) This chapter applies when any transfer occurs after the effective date of this act.
(2) The amendments to this chapter that take effect on May 9, 2017:
(a) apply to a transfer made or obligation incurred on or after May 9, 2017;
(b) do not apply to a transfer made or obligation incurred before May 9, 2017; and
(c) do not apply to a right of action that has accrued before May 9, 2017.
(3) For purposes of Subsection (2), a transfer is made and an obligation is incurred at the time provided in Section 25-6-302.