District of Columbia § 28-3109 Extinguishment of cause of action.

District of Columbia Statutes

§ 28-3109 — Extinguishment of cause of action.

District of Columbia·Title 28 Commercial Instruments and Transactions. [Enacted title]·Ch. 31 Fraudulent Conveyances.

A cause of action with respect to a fraudulent transfer or obligation under this chapter is extinguished unless action is brought:

(1)Under section 28-3104(a)(1), within 4 years after the transfer was made or the obligation was incurred or, if later, within 1 year after the transfer or obligation was, or could reasonably have been discovered by the claimant;

(2)Under section 28-3104(a)(2) or section 28-3105(a), within 4 years after the transfer was made or the obligation was incurred; or

(3)Under section 28-3105(b), within 1 year after the transfer was made or the obligation was incurred.

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A cause of action with respect to a fraudulent transfer or obligation under this chapter is extinguished unless action is brought:

(1) Under section 28-3104(a)(1), within 4 years after the transfer was made or the obligation was incurred or, if later, within 1 year after the transfer or obligation was, or could reasonably have been discovered by the claimant;

(2) Under section 28-3104(a)(2) or section 28-3105(a), within 4 years after the transfer was made or the obligation was incurred; or

(3) Under section 28-3105(b), within 1 year after the transfer was made or the obligation was incurred.

District of Columbia § 28-3109 (Extinguishment of cause of action.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.