Maine § 3580. - Extinguishment of cause of action
Full text of Maine Maine Revised Statutes § 3580. — Extinguishment of cause of action, with citation guidance and answers to common questions.
§ 3580.. Extinguishment of cause of action
A cause of action with respect to a fraudulent transfer or obligation under this Act is extinguished unless action is brought: [PL 1985, c. 641, §3 (NEW).]
1. Intent to defraud. Under section 3575, subsection 1, paragraph A, within 6 years after the transfer was made or the obligation was incurred or, if later, within one year after the transfer or obligation was or could reasonably have been discovered by the claimant; or
2. Failure to receive reasonably equivalent value; transfer to insider. Under section 3575, subsection 1, paragraph B, or section 3576, subsection 1 or 2, within 6 years after the transfer was made or the obligation was incurred.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 3580.
What does Maine Revised Statutes § 3580. cover?
Section 3580. ("Extinguishment of cause of action") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 3580.?
A common citation format is "Maine Revised Statutes § 3580." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 3580. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.