Indiana Code 32-18-2-19. Statutes of limitation; extinguishment of claim for relief
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Sec. 19. A claim for relief with respect to a transfer or obligation under this chapter is extinguished unless brought as follows:
(A) Four (4) years after the transfer was made or the obligation was incurred.
(1) If brought under section 14(a)(1) of this chapter, an action is extinguished unless brought not later than the later of the following:
Terms Used In Indiana Code 32-18-2-19
- 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.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(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(a)(2) or 15 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.
[Pre-2002 Recodification Citation: 32-2-7-19.]
As added by P.L.2-2002, SEC.3. Amended by P.L.61-2017, SEC.17.