(1) A claim for relief with respect to a voidable transfer or obligation under this article 8 is extinguished unless action is brought:
(a) Under section 38-8-105 (1)(a), 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 section 38-8-105 (1)(b) or 38-8-106 (1), not later than four years after the transfer was made or the obligation was incurred; or
(c) Under section 38-8-106 (2), not later than four years after the transfer was made.
Source: L. 91: Entire article added, p. 1689, § 1, effective July 1. L. 2025: Entire section amended, (SB 25-133), ch. 57, p. 242, § 9, effective August 6.
Editor's note - Colorado legislative change: This section was numbered as section 9 in the uniform act.
ANNOTATION
This section's time limitation may be extended by an express agreement entered into voluntarily by both parties. Lewis v. Taylor, 2016 CO 48, 375 P.3d 1205.
To determine when the four-year statute of limitations under subsection (1)(a) began to run, court ordered remand proceedings to determine when the transfer was made under § 38-8-107 (1)(a)(I). Tiger v. Anderson, 976 P.2d 308 (Colo. App. 1998).