Pennsylvania § 5109 Extinguishment of claim for relief

Pennsylvania Statutes

§ 5109 — Extinguishment of claim for relief

Pennsylvania·Title 12 COMMERCE AND TRADE·Part PART IV·Ch. 51 VOIDABLE TRANSACTIONS

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.

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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.

Pennsylvania § 5109 (Extinguishment of claim for relief) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(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.