33-209. Extinguishment of cause of action. A cause of action with respect to a fraudulent transfer or obligation under this act is extinguished unless action is brought:
(a) Under subsection (a)(1) of K.S.A. 33-204, 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 (a)(2) of K.S.A. 33-204 or subsection (a) of K.S.A. 33-205, within four years after the transfer was made or the obligation was incurred; or
(c) under subsection (b) of K.S.A. 33-205, within one year after the transfer was made or the obligation was incurred.
History: L. 1998, ch. 13, ยง 9; Jan. 1, 1999.
Structure Kansas Statutes
Chapter 33 - Statute Of Frauds; Fraudulent Conveyances
Article 2 - Uniform Fraudulent Transfer Act
33-204 Transfers fraudulent as to present and future creditors.
33-205 Transfers fraudulent as to present creditors.
33-206 When transfer is made or obligation is incurred.
33-208 Defenses, liability and protection of transferee.
33-209 Extinguishment of cause of action.
33-210 Supplementary provisions.