Section 566.39 - Cause of action; extinguishment. - Michigan Statutes

UNIFORM FRAUDULENT TRANSFER ACT (EXCERPT)
Act 434 of 1998

566.39 Cause of action; extinguishment.

Sec. 9.

A cause of action with respect to a fraudulent transfer or obligation under this act is extinguished unless action is brought under 1 or more of the following:

(a) Sections 4(1)(a) and (b) and 5(1), within the time period specified in sections 5813 and 5855 of the revised judicature act of 1961, 1961 PA 236, MCL 600.5813 and 600.5855.

(b) Section 5(2), within 1 year after the transfer was made or the obligation was incurred.

History: 1998, Act 434, Imd. Eff. Dec. 30, 1998