Indiana § 34-28-9.2-1 Petitions to approve prize payments

Indiana Statutes

§ 34-28-9.2-1 — Petitions to approve prize payments

Indiana § 34-28-9.2-1

Title 34CIVIL LAW AND PROCEDURE

Art. 28SPECIAL PROCEEDINGS: MISCELLANEOUS

Ch. 9.2Assignment of Lottery Prizes

This text of Indiana § 34-28-9.2-1 (Petitions to approve prize payments) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 34-28-9.2-1 (2026).

Text

(a)As set forth in IC 4-30-11-2.5, a person who has won a prize from the state lottery commission created under IC 4-30-3 may file a verified petition with the Marion circuit court to approve the assignment of a prize payment or payments.

(b)A verified petition filed under this section must include:

(1)statements that the person understands:

(A)the assignment of the prize payment or payments is voluntary; and

(B)their right to solicit multiple bids for their prize payments;

(2)a statement explaining to whom the prize payment or payments would be assigned;

(3)a statement that the person is of sound mind, is in full command of the person's faculties, and is not acting under duress;

(4)a statement detailing that the person has had the opportunity to receive or has received legal, fina

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(a) As set forth in IC 4-30-11-2.5, a person
who has won a prize from the state lottery commission created under
IC 4-30-3 may file a verified petition with the Marion circuit court to
approve the assignment of a prize payment or payments.
(b) A verified petition filed under this section must include:
(1) statements that the person understands:
(A) the assignment of the prize payment or payments is
voluntary; and
(B) their right to solicit multiple bids for their prize payments;
(2) a statement explaining to whom the prize payment or
payments would be assigned;
(3) a statement that the person is of sound mind, is in full
command of the person's faculties, and is not acting under duress;
(4) a statement detailing that the person has had the opportunity
to receive or has received legal, financial, and tax advice from a
person or entity other than the person or entity that would be
assigned the prize payment or payments;
(5) a statement that the person understands that the person will
not receive the future payment or payments of the prize after a
prize payment or prize payments are assigned;
(6) a statement that the person understands that, with regard to the
assigned payments of the prize, the state lottery commission and
its employees are not liable to make any future payments to the
person that are subject to an assignment made under IC 4-30-11-2.5;
(7) a statement that the person understands that the person may
cancel the contract assigning the person's prize payment or
payments within three (3) business days after the date the contract
assigning the prize payment or payments is signed;
(8) details of the proposed assignment, including:
(A) the amount of the prize payments assigned;
(B) the dates the prize payments are assigned;
(C) the purchase price of the prize payments assigned;
(D) the rate of discount to present value, assuming daily
compounding and funding on the contract date; and
(E) the amount, if any, of any origination or closing fees
charged to the person;
(9) a statement detailing whether the person:
(A) owes child support;
(B) owes money as part of a judgment or garnishment;
(C) has not satisfied an order for criminal restitution; or
(D) owes any debt to an Indiana state agency that has provided
written notice to the person regarding the debt;
(10) a sworn affirmation that the contents of the petition are true;
and
(11) a statement that the person has had an adequate opportunity
to receive multiple bids to assign their prize payment or
payments.