(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—
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) ofsection
3304 within 6 years after the transfer was made or the obligation was incurred; or
3304(a)(2) within 2 years after the transfer was made or the obligation was incurred.
The Federal Rules of Civil Procedure, referred to in subsec. (a), are set out in the Appendix to this title.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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