![]() New York Laws > Debtor and Creditor > Article 10 - Uniform Voidable Transactions Act.Missouri Laws > Chapter 428 - Fraudulent Conveyances and Liens.The United States Supreme Court has held that the ten (10) year statute of limitation applies where the IRS asserts a fraudulent conveyance claim under applicable state law against a party that accepted a transfer from the delinquent taxpayer. Massachusetts General Laws > Chapter 109A - Uniform Fraudulent Transfer Act This statute of limitations accrues from the date of the assessment of the tax.(2015), any action to avoid an intentionally fraudulent transfer is extinguished if not brought within four years after the transfer was made or, if later, within one year after the transfer was or could reasonably have been discovered. Iowa Code > Chapter 684 - Voidable Transactions Under the Colorado Uniform Fraudulent Transfer Act (CUFTA), 38 -8-101 to -112, C.R.S.Illinois Compiled Statutes > 740 ILCS 160 - Uniform Fraudulent Transfer Act.Florida Statutes > Chapter 726 - Fraudulent Transfers.Connecticut General Statutes > Chapter 923a - Uniform Fraudulent Transfer Act.Arizona Laws > Title 44 > Chapter 8 - Transactions and Transfers Affecting the Interest of Creditors.Alabama Code > Title 8 > Chapter 9A - Alabama Fraudulent Transfer Act.(C) If the transfer or obligation is fraudulent under division (B) of section 1336.05 of the Revised Code, within one year after the transfer was made or the obligation was incurred. ![]() (B) If the transfer or obligation is fraudulent under division (A)(2) of section 1336.04 or division (A) of section 1336.05 of the Revised Code, within four years after the transfer was made or the obligation was incurred (A) If the transfer or obligation is fraudulent under division (A)(1) of section 1336.04 of the Revised Code, 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 reasonably could have been discovered by the claimant which a fraudulent transfer claim might be broughta gap which was filled by reference to the six-year statute of limitations in CPLR 213. Transfer: means every direct or indirect, absolute or conditional, and voluntary or involuntary method of disposing of or parting with an asset or an interest in an asset, and includes payment of money, release, lease, and creation of a lien or other encumbrance.Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.The varying statutes of limitations points out the need for any creditor who suspects it may have a claim under the law to be vigilant and proactive. Claim: means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured. Weekly D953a (May 4, 2011) The statute of limitations on Florida fraudulent transfers begins to run when the transfer itself could be known, not when the fraudulent nature of the transfer could be known. Most claims under Act must be filed within four years, although there is one subset of fraudulent conveyance claims that has only a one-year statute of limitations.
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