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28 U.S.C. § 3306Remedies of the United States

submitted 36 years ago by Pub. L. 101-647 to r/title-28-JUDICIARY-AND-JUDICIAL-PROCEDURE · 190 words · no verdicts yet

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A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a)In General.—

In an action or proceeding under this subchapter for relief against a transfer or obligation, the United States, subject to section 3307 and to applicable principles of equity and in accordance with the Federal Rules of Civil Procedure, may obtain—

(1)

avoidance of the transfer or obligation to the extent necessary to satisfy the debt to the United States;

(2)

a remedy under this chapter against the asset transferred or other property of the transferee; or

(3)

any other relief the circumstances may require.

(b)Limitation.—

A claim for relief with respect to a fraudulent transfer or obligation under this subchapter is extinguished unless action is brought—

(1)

under section 3304(b)(1)(A) within 6 years after the transfer was made or the obligation was incurred or, if later, within 2 years after the transfer or obligation was or could reasonably have been discovered by the claimant;

(2)

under subsection (a)(1) or (b)(1)(B) of section 3304 within 6 years after the transfer was made or the obligation was incurred; or

(3)

under section 3304(a)(2) within 2 years after the transfer was made or the obligation was incurred.

Source credit: (Added Pub. L. 101–647, title XXXVI, § 3611, Nov. 29, 1990, 104 Stat. 4963.)

history & why it existsrecord from the source credit
  • 1990Enacted · Pub. L. 101-647 · 104 Stat. 4963

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-647 on 1990-11-29.

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