A cause of action with respect to a fraudulent transfer or obligation under ss. 726.101–726.112 is extinguished unless action is brought:

   (1) Under s. 726.105(1)(a), within 4 years after the transfer was made or the obligation was incurred or, if later, within 1 year after the transfer or obligation was or could reasonably have been discovered by the claimant;

   (2) Under s. 726.105(1)(b) or s. 726.106(1), within 4 years after the transfer was made or the obligation was incurred; or

   (3) Under s. 726.106(2), within 1 year after the transfer was made or the obligation was incurred.

s. 10, ch. 87-79.