N.J.S.A. 25:2-31 — Extinguishment of claim for relief.

25:2-31 Extinguishment of claim for relief. 25:2-31. 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 (1) of subsection a. of R.S.25:2-25, 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 discovered by the claimant; b. Under paragraph (2) of subsection a. of R.S.25:2-25 or subsection a. of R.S.25:2-27, not later than four years after the transfer was made or the obligation was incurred; or c. Under paragraph (2) of subsection a. of R.S.25:2-27, not later than one year after the transfer was made. amended 2002, c.100; 2021, c.92, s.12.

This is the verbatim text of N.J.S.A. 25:2-31, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.