§ 8.6A-110. Limitation of actions
(1) Except as provided in subsection (2), an action under this title against a buyer, auctioneer, or liquidator must be commenced within one year after the date of the bulk sale.
(2) If the buyer, auctioneer, or liquidator conceals the fact that the sale has occurred, the limitation is tolled and an action under this title may be commenced within the earlier of (i) one year after the person bringing the action discovers that the sale has occurred or (ii) one year after the person bringing the action should have discovered that the sale has occurred, but no later than two years after the date of the bulk sale. Complete noncompliance with the requirements of this title does not of itself constitute concealment.
(3) An action under § 8.6A-107(11) must be commenced within one year after the alleged violation occurs.
(1997, c. 121.)
Sections: Previous 8.6A-101 8.6A-102 8.6A-103 8.6A-104 8.6A-105 8.6A-106 8.6A-107 8.6A-108 8.6A-109 8.6A-110Last modified: April 3, 2009