New Mexico § 39-1A-4 Approval of transfers of structured settlement payment

New Mexico Statutes

§ 39-1A-4 — Approval of transfers of structured settlement payment

New Mexico § 39-1A-4

Ch. 39Judgments, Costs, Appeals

Art. 1AStructured Settlement Protection Act

This text of New Mexico § 39-1A-4 (Approval of transfers of structured settlement payment) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 39-1A-4 (2026).

Text

rights. No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee of structured settlement payment rights unless the transfer has been approved in advance in a final court order based on express findings by the court that: A. the transfer is in the best interest of the payee, taking into account the welfare and support of the payee's dependents; B. the payee has been advised in writing by the transferee to seek independent professional advice regarding the transfer and has either received the advice or knowingly waived the advice in writing; and C. the transfer does not contravene any applicable statute or an order of any cour

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rights. No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee of structured settlement payment rights unless the transfer has been approved in advance in a final court order based on express findings by the court that: A. the transfer is in the best interest of the payee, taking into account the welfare and support of the payee's dependents; B. the payee has been advised in writing by the transferee to seek independent professional advice regarding the transfer and has either received the advice or knowingly waived the advice in writing; and C. the transfer does not contravene any applicable statute or an order of any court or other governmental authority.