North Dakota § 32-03.4-08 Life-contingent payments not to be transferred - Exception

North Dakota Statutes

§ 32-03.4-08 — Life-contingent payments not to be transferred - Exception

North Dakota § 32-03.4-08

Title 32Judicial Remedies

Ch. 32-03.4Structured Settlement Transfers

This text of North Dakota § 32-03.4-08 (Life-contingent payments not to be transferred - Exception) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 32-03.4-08 (2026).

Text

A transfer of structured settlement payment rights may not extend to any payments that are
life-contingent unless, before the date on which the payee signs the transfer agreement, the
transferee has established and has agreed to maintain procedures reasonably satisfactory to
the annuity issuer and the structured settlement obligor for periodically confirming the payee's
survival and giving the annuity issuer and the structured settlement obligor prompt written notice
in the event of the payee's death.

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A transfer of structured settlement payment rights may not extend to any payments that are
life-contingent unless, before the date on which the payee signs the transfer agreement, the
transferee has established and has agreed to maintain procedures reasonably satisfactory to
the annuity issuer and the structured settlement obligor for periodically confirming the payee's
survival and giving the annuity issuer and the structured settlement obligor prompt written notice
in the event of the payee's death.