Statute of limitations; extinguishment of cause of action
Sec. 19. A cause of action with respect to a fraudulent transfer or
obligation under this chapter is extinguished unless brought as
follows:
(1) If brought under section 14(1) of this chapter, an action is
extinguished unless brought not later than the later of the
following:
(A) Four (4) years after the transfer was made or the
obligation was incurred.
(B) One (1) year after the transfer or obligation was or could
reasonably have been discovered by the claimant.
(2) If brought under section 14(2) or 15(1) of this chapter, an
action is extinguished unless it is brought not later than four (4)
years after the transfer was made or the obligation was incurred.
As added by P.L.2-2002, SEC.3.
Last modified: May 24, 2006