428.049. Extinguishment of claim for relief or cause of action.

Extinguishment of claim for relief or cause of action.

428.049. A claim for relief or cause of action with respectto a fraudulent transfer or obligation under sections 428.005 to428.059 is extinguished unless action is brought:

(1) Under subdivision (1) of subsection 1 of section428.024, within four years after the transfer was made or theobligation was incurred or, if later, within one year after thetransfer or obligation was or could reasonably have beendiscovered by the claimant;

(2) Under subdivision (2) of subsection 1 of section428.024 or subsection 1 of section 428.029, within four yearsafter the transfer was made or the obligation was incurred; or

(3) Under subsection 2 of section 428.029, within one yearafter the transfer was made or the obligation was incurred.

(L. 1992 S.B. 448)