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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(740 ILCS 160/10) (from Ch. 59, par. 110)
Sec. 10.
A cause of action with respect to a fraudulent transfer or
obligation under this Act is extinguished unless action is brought:
(a) under paragraph (1) of subsection (a) of Section 5, within 4 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 paragraph (2) of subsection (a) of Section 5 or subsection (a) of
Section 6, within 4 years after the transfer was
made or the obligation was incurred; or
(c) under subsection (b) of Section 6, within one year after the transfer
was made or
the obligation was incurred.
(Source: P.A. 86-814.)
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