Maine § 14 §3580 Extinguishment of cause of action

Maine Statutes

§ 14 §3580 — Extinguishment of cause of action

Maine § 14 §3580

Title 14COURT PROCEDURE -- CIVIL

Part 5PROVISIONAL REMEDIES; SECURITY

Ch. 504UNIFORM FRAUDULENT TRANSFER ACT

This text of Maine § 14 §3580 (Extinguishment of cause of action) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 14, § 14 §3580 (2026).

Text

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

1.Intent to defraud. Under section 3575, subsection 1, paragraph A, within 6 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; or

2.Failure to receive reasonably equivalent value; transfer to insider. Under section 3575, subsection 1, paragraph B, or section 3576, subsection 1 or 2, within 6 years after the transfer was made or the obligation was incurred.

Free access — add to your briefcase to read the full text and ask questions with AI

A cause of action with respect to a fraudulent transfer or obligation under this Act is extinguished unless action is brought:
1.
Intent to defraud.
Under section 3575, subsection 1, paragraph A, within 6 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; or
2.
Failure to receive reasonably equivalent value; transfer to insider.
Under section 3575, subsection 1, paragraph B, or section 3576, subsection 1 or 2, within 6 years after the transfer was made or the obligation was incurred.