Del. Code tit. 6 § 1309

Current through 2024 Legislative Session Act Chapter 254

Section 1309 - Extinguishment of cause of action

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

(1) Under § 1304(a)(1) of this title, 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;

(2) Under § 1304(a)(2) or § 1305(a) of this title, within 4 years after the transfer was made or the obligation was incurred; or

(3) Under § 1305(b) of this title, within 1 year after the transfer was made or the obligation was incurred.

6 Del. C. § 1309

70 Del. Laws, c. 434, § 1.;