Indiana Statutes
§ 34-50-2-9 — Effect of disapproval of transfers; waiver prohibited; unlawful transfers
Indiana·Title 34 CIVIL LAW AND PROCEDURE·Art. 50 SETTLEMENT OF CLAIMS·Ch. 2 Annuity Structured Settlements
(a)A payee who proposes to make a transfer
of structured settlement payment rights does not:
(1)incur a penalty;
(2)forfeit an application fee or other payment; or
(3)otherwise incur a liability to the proposed transferee;
if the transfer is not approved by a court under section 7 of this chapter.
(b)A provision of this chapter may not be waived.
(c)This chapter does not:
(1)authorize a transfer of structured settlement payment rights in
contravention of applicable law; or
(2)give effect to a transfer of structured settlement payment
rights that is void under applicable law.
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Indiana § 34-50-2-9 (Effect of disapproval of transfers; waiver prohibited; unlawful transfers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.219-2001, SEC.6.
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