N.Y. Debtor & Creditor Law Section 278
Extinguishment of claim for relief

A claim for relief with respect to a transfer or obligation under this article is extinguished unless action is brought:

(a)

under paragraph one of subdivision (a) of § 273 (Transfer or obligation voidable as to present or future creditor)section two hundred seventy-three of this article, 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;

(b)

under paragraph two of subdivision (a) of section two hundred seventy-three or subdivision (a) of § 274 (Transfer or obligation voidable as to present creditor)section two hundred seventy-four of this article, not later than four years after the transfer was made or the obligation was incurred; or

(c)

under subdivision (b) of § 274 (Transfer or obligation voidable as to present creditor)section two hundred seventy-four of this article, not later than one year after the transfer was made.

Source: Section 278 — Extinguishment of claim for relief, https://www.­nysenate.­gov/legislation/laws/DCD/278 (updated Apr. 10, 2020; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Apr. 10, 2020

§ 278’s source at nysenate​.gov

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