24.010 – EXTINGUISHMENT OF CAUSE OF ACTION. (a) Except as
Texas Business and Commerce Code § 24.010
Summary
This law establishes the time limits for bringing a cause of action related to fraudulent transfers or obligations. It affects claimants who must act within specified periods to preserve their rights to seek remedies for such fraudulent activities.
Claims must be filed within four years of the transfer or obligation.
An extension of one year applies if the fraud is discovered later.
Failure to act within these timeframes extinguishes the cause of action.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's EXTINGUISHMENT OF CAUSE OF ACTION. (a) Except as law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.