Indiana § 34-50-2-9 Effect of disapproval of transfers; waiver prohibited; unlawful transfers

Indiana Statutes

§ 34-50-2-9 — Effect of disapproval of transfers; waiver prohibited; unlawful transfers

Indiana § 34-50-2-9

Title 34CIVIL LAW AND PROCEDURE

Art. 50SETTLEMENT OF CLAIMS

Ch. 2Annuity Structured Settlements

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Bluebook

Ind. Code § 34-50-2-9 (2026).

Text

(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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(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.