Montana § 33-20-1405 Obligations After Transfer

Montana Statutes

§ 33-20-1405 — Obligations After Transfer

Montana § 33-20-1405

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 20LIFE INSURANCE

Part 14Structured Settlement Protection

This text of Montana § 33-20-1405 (Obligations After Transfer) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 33-20-1405 (2026).

Text

33-20-1405 . Obligations after transfer. After the transfer of a structured settlement payment right pursuant to this part:

(1)the structured settlement obligor and the annuity issuer are discharged and released from liability for the transferred payments to all parties except to the transferee;

(2)the transferee is liable to the structured settlement obligor and the annuity issuer:

(a)if the transfer contravenes the terms of the structured settlement for any tax incurred by the structured settlement obligor or annuity issuer as a consequence of the transfer; and

(b)for any other liability or cost, including reasonable costs and attorney fees, arising:

(i)from compliance by the structured settlement obligor and annuity issuer with the order of the court or responsible administrative a

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33-20-1405 . Obligations after transfer. After the transfer of a structured settlement payment right pursuant to this part:
(1) the structured settlement obligor and the annuity issuer are discharged and released from liability for the transferred payments to all parties except to the transferee;
(2) the transferee is liable to the structured settlement obligor and the annuity issuer:
(a) if the transfer contravenes the terms of the structured settlement for any tax incurred by the structured settlement obligor or annuity issuer as a consequence of the transfer; and
(b) for any other liability or cost, including reasonable costs and attorney fees, arising:
(i) from compliance by the structured settlement obligor and annuity issuer with the order of the court or responsible administrative authority; or
(ii) as a consequence of the transferee's failure to comply with this part; and
(3) neither the structured settlement obligor nor the annuity issuer may be required to divide a periodic payment between a payee and a transferee or assignee or between two or more transferees or assignees.