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.
Source: SL 1987, ch 365, ยง9.
Structure South Dakota Codified Laws
Title 54 - Debtor and Creditor
Chapter 08A - Uniform Fraudulent Transfer Act
Section 54-8A-1 - Definitions.
Section 54-8A-4 - Transfers fraudulent as to present and future creditors.
Section 54-8A-5 - Transfers fraudulent as to present creditors.
Section 54-8A-6 - When transfer is made or obligation is incurred.
Section 54-8A-7 - Remedies of creditors.
Section 54-8A-8 - Defenses, liability and protection of transferee.
Section 54-8A-9 - Extinguishment of cause of action.
Section 54-8A-10 - Supplementary provisions.