Hawaii High Court Pins Down Time Bar For UFTA Claims

Law360, Los Angeles (January 16, 2014, 4:10 PM EST) -- The Hawaii Supreme Court on Wednesday sided with a pair of foreclosed mortgage holders in their suit alleging HSC Inc. illicitly received money owed to them, ruling the state’s statute of limitations on fraudulent transfers starts when the transfers’ fraudulent nature is discovered.

Justice Simeon R. Acoba Jr., writing for the court, overturned an Intermediate Court of Appeals decision that found the statute of limitations under the Uniform Fraudulent Transfers Act begins when the transfer itself is discovered. The purpose of the UFTA is to give...
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