S.D. Codified Laws § 54-8A-9

Current through the 2024 Legislative Session

Section 54-8A-9 - 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:

(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

(c) Under subdivision 54-8A-5(b) within one year after the transfer was made or the obligation was incurred.

SDCL 54-8A-9

SL 1987, ch 365, § 9.