Extinguishment cause of action

1. Law
2. US Virgin Islands Code
3. Property
4. Virgin Islands Uniform Fraudulent Transfer Act
5. Extinguishment cause of action

• A cause of action with respect to a fraudulent transfer or obligation under this chapter is extinguished unless action is brought:

  • (a) under section 174(a)(1), within four 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;

  • (b) under Section 174(a)(2) or 175(a), within four years after the transfer was made or the obligation was incurred; or

  • (c) under Section 175(b), within one year after the transfer was made or the obligation was incurred.

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