25-6-406. Applicability of chapter.
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Effective 5/9/2017
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 and Amended by Chapter 204 , 2017 General Session