A claim for relief with respect to a transfer or obligation under this chapter is extinguished unless action is brought:
(1) under section 5104(a)(1) (relating to transfer or obligation voidable as to present or future creditor), 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; or
(2) under section 5104(a)(2) or 5105(a) (relating to transfer or obligation voidable as to present creditor), not later than four years after the transfer was made or the obligation was incurred.
(Dec. 22, 2017, P.L.1249, No.78, eff. 60 days)
2017 Amendment. See section 7 of Act 78 in the appendix to this title for special provisions relating to applicability.
Cross References. Section 5109 is referred to in section 5107 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 51 - Voidable Transactions
Section 5101 - Short title of chapter and definitions
Section 5104 - Transfer or obligation voidable as to present or future creditor
Section 5105 - Transfer or obligation voidable as to present creditor
Section 5106 - When transfer is made or obligation is incurred
Section 5107 - Remedies of creditor
Section 5108 - Defenses, liability and protection of transferee or obligee
Section 5109 - Extinguishment of claim for relief
Section 5111 - Application to series organization
Section 5112 - Supplementary provisions
Section 5113 - Uniformity of application and construction
Section 5114 - Relation to Electronic Signatures in Global and National Commerce Act