A claim for relief with respect to a transfer or obligation under 684 chapter is extinguished unless action is brought as follows:
 1. Under section 684.4, subsection 1, paragraph “a”, not later than four years after the transfer was made or the obligation was incurred or, if later, not later than one year after the transfer or obligation was or could reasonably have been discovered by the claimant.

Terms Used In Iowa Code 684.9

  • 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 twelve consecutive months. See Iowa Code 4.1
 2. Under section 684.4, subsection 1, paragraph “b”, or section 684.5, subsection 1, not later than four years after the transfer was made or the obligation was incurred.
 3. Under section 684.5, subsection 2, not later than one year after the transfer was made.