Sasco 1997 Ni, LLC, a Delaware Limited Liability Company, Successor-In-Interest to Ali, Inc., a Delaware…

Summary

The Supreme Court of New Jersey held that the four‑year limitation period under the Uniform Fraudulent Transfer Act runs from the date of the transfer, not from the date a judgment is entered, and that the one‑year tolling provision begins when a reasonable creditor could have discovered the transfer, i.e., at the time of default. The Court applied the holding prospectively to future transfers and reversed and remanded the dismissal for the trial court to adjudicate the claim.