Oklahoma § 24-121 - Limitation of actions

§ 24-121. Limitation of actions

A cause of action with respect to a fraudulent transfer or

obligation pursuant to the provisions of the Uniform Fraudulent

Transfer Act, Section 112 et seq. of this title, is extinguished

unless action is brought:

1. Pursuant to the provisions of paragraph 1 of subsection A of

Section 116 of this title, within four (4) years after the transfer

was made or the obligation was incurred or, if later, within one (1)

year after the transfer or obligation was or could reasonably have

been discovered by the claimant;

2. Pursuant to the provisions of paragraph 2 of subsection A of

Section 116 of this title or subsection A of Section 117 of this

title, within four (4) years after the transfer was made or the

obligation was incurred;

Oklahoma Statutes - Title 24. Debtor and Creditor

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3. Pursuant to the provisions of subsection B of Section 117 of

this title, within one (1) year after the transfer was made or the

obligation was incurred; or

4. For the purpose of transfers made or obligations incurred

prior to November 1, 1986, the statute of limitations in effect

prior to November 1, 1986, shall apply to claims or causes of action

based thereon, but in no event shall a claim or cause of action be

brought with respect to such transfers or obligations incurred any

later than November 1, 1990.

Added by Laws 1986, c. 100, § 10, eff. Nov. 1, 1986. Amended by

Laws 1988, c. 325, § 1, eff. Nov. 1, 1988.