Indiana § 4-30-11-2.5 Assignment of prize payments

Indiana Statutes

§ 4-30-11-2.5 — Assignment of prize payments

Indiana § 4-30-11-2.5

Art. 30INDIANA STATE LOTTERY

Ch. 11Payment of Prizes

This text of Indiana § 4-30-11-2.5 (Assignment of 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 § 4-30-11-2.5 (2026).

Text

5.

(a)The right of a person to a prize is assignable if the prize is paid by the commission in installments over time.

(b)A prize described in subsection (a) may be assigned, in whole or in part, if the assignment is made to a person or entity approved by a court based on a petition filed under IC 34-28-9.2.

(c)A prize payment may not be assigned to more than three (3) individuals or entities and a prize winner may not initiate more than three (3) assignment transactions in any single year.

(d)If more than one (1) person owns a prize payment, any assignment of the prize payment or payments must be made by each of the individuals who own the prize payment or payments.

(e)A prize payment or payments cannot be assigned until all debts listed in section 11 of this chapter are satisfied. (

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5. (a) The right of a person to a prize is
assignable if the prize is paid by the commission in installments over
time.
(b) A prize described in subsection (a) may be assigned, in whole or
in part, if the assignment is made to a person or entity approved by a
court based on a petition filed under IC 34-28-9.2.
(c) A prize payment may not be assigned to more than three (3)
individuals or entities and a prize winner may not initiate more than
three (3) assignment transactions in any single year.
(d) If more than one (1) person owns a prize payment, any
assignment of the prize payment or payments must be made by each of
the individuals who own the prize payment or payments.
(e) A prize payment or payments cannot be assigned until all debts
listed in section 11 of this chapter are satisfied.
(f) A prize payment or any portion of a prize payment may not be
assigned more than three (3) times unless the commission consents to
an additional assignment. An assignment and reassignment of a prize
payment or payments to one (1) individual or entity under a court order
entered under a petition filed under IC 34-28-9.2 shall be considered
a single assignment.
(g) The commission may charge a reasonable fee to the assignee to
defray the cost of any administrative expenses associated with
assignments approved by a court under IC 34-28-9.2. The fee may
include the cost to the commission of a reasonable processing fee
charged by a private annuity provider based on the direct and indirect
costs of processing the assignment.
(h) A person who enters into a contract to assign a prize payment or
payments under this section 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.
(i) A contract assigning a prize payment or payments under this
section and entered into before July 1, 2014, is unenforceable and
invalid.