Section 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