§560:1-106 - Effect of fraud and evasion.
§560:1-106 Effect of fraud and evasion.
Whenever fraud has been perpetrated in connection with any proceeding or in any
statement filed under this chapter or if fraud is used to avoid or circumvent
the provisions or purposes of this chapter, any person injured thereby may
obtain appropriate relief against the perpetrator of the fraud or restitution
from any person (other than a bona fide purchaser) benefitting from the fraud,
whether innocent or not. Any proceeding must be commenced within two years after
the discovery of the fraud, but no proceeding may be brought against one not a
perpetrator of the fraud later than five years after the time of commission of
the fraud. This section has no bearing on remedies relating to fraud practiced
on a decedent during the decedent's lifetime which affects the succession of
the decedent's estate. [L 1996, c 288, pt of §1]