Current through the 2024 Fourth Special Session
Section 25-6-406 - Applicability of chapter(1) This chapter applies when any transfer occurs after the effective date of this act.(2) The amendments to this chapter that take effect on May 9, 2017: (a) apply to a transfer made or obligation incurred on or after May 9, 2017;(b) do not apply to a transfer made or obligation incurred before May 9, 2017; and(c) do not apply to a right of action that has accrued before May 9, 2017.(3) For purposes of Subsection (2), a transfer is made and an obligation is incurred at the time provided in Section 25-6-302.Renumbered from § 25-6-13 and amended by Chapter 204, 2017 General Session ,§ 19, eff. 5/9/2017.Enacted by Chapter 59, 1988 General Session