39-23.9. Extinguishment of claim for relief.
A claim for relief with respect to a voidable transfer or obligation under this Article is extinguished unless action is brought:
(1) Under G.S. 39-23.4(a)(1), not later than four years after the transfer was made or the obligation was incurred or, if later, not later than one year after the transfer or obligation was or could reasonably have been discovered by the claimant;
(2) Under G.S. 39-23.4(a)(2) or G.S. 39-23.5(a), not later than four years after the transfer was made or the obligation was incurred; or
(3) Under G.S. 39-23.5(b), not later than one year after the transfer was made. (1997-291, s. 2; 2015-23, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 3A - Uniform Voidable Transactions Act.
§ 39-23.4 - Transfer or obligation voidable as to present or future creditor.
§ 39-23.5 - Transfer or obligation voidable as to present creditor.
§ 39-23.6 - When transfer is made or obligation is incurred.
§ 39-23.7 - Remedies of creditor.
§ 39-23.8 - Defenses, liability, and protection of transferee or obligee.
§ 39-23.9 - Extinguishment of claim for relief.
§ 39-23.9B - Application to series organization.
§ 39-23.10 - Supplementary provisions.
§ 39-23.11 - Uniformity of application and construction.
§ 39-23.11A - Relation to Electronic Signatures in Global and National Commerce Act.