Montana Statutes
§ 31-2-341 — Termination Of Cause Of Action
Montana·Title 31 CREDIT TRANSACTIONS AND RELATIONSHIPS·Ch. 2 DEBTOR AND CREDITOR RELATIONSHIPS·Part 3 Uniform Fraudulent Transfer Act
31-2-341 . Termination of cause of action. A cause of action with respect to a fraudulent transfer or obligation under this part is terminated unless an action is brought under:
(1)31-2-333 (1)(a) within 4 years after the transfer was made or the obligation was incurred or, if later, within 2 years after the transfer or obligation was or could reasonably have been discovered by the claimant;
(2)31-2-333 (1)(b) or 31-2-334 (1) within 4 years after the transfer was made or the obligation was incurred; or
(3)31-2-334 (2) within 2 years after the transfer was made or the obligation was incurred.
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Legislative History
En. Sec. 10, Ch. 324, L. 1991; amd. Sec. 1, Ch. 440, L. 2005.
Nearby Sections
15
§ 31-2-101
Debtor Defined§ 31-2-102
Creditor Defined§ 31-2-103
Contracts Of Debtor Are Valid§ 31-2-104
Payments In Preference§ 31-2-105
Relative Rights Of Different Creditors§ 31-2-106
Exempt Property -- Bankruptcy Proceeding§ 31-2-201
When Debtor May Execute Assignment§ 31-2-202
Insolvency -- What Constitutes§ 31-2-203
Certain Transfers Not Affected§ 31-2-204
What Debts May Be Secured§ 31-2-205
Preference Given For Wages§ 31-2-206
Preference To Be Absolute§ 31-2-208
Joint And Separate Debts§ 31-2-209
Assignment -- When Void