New York Statutes
§ 5-1706 — Approval of transfers of structured settlement payment rights
New York § 5-1706
JurisdictionNew York
Law GOBGeneral Obligations
Title 17Structured Settlement Protection Act
Art. 5Creation, Definition and Enforcement of Contractual Obligations
This text of New York § 5-1706 (Approval of transfers of structured settlement payment rights) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. General Obligations § 5-1706 (2026).
Text
§ 5-1706. Approval of transfers of structured settlement payment\nrights. No direct or indirect transfer of structured settlement payment\nrights shall be effective and no structured settlement obligor or\nannuity issuer shall be required to make any payment directly or\nindirectly to any transferee of structured settlement payment rights\nunless the transfer has been authorized in advance in a final order of a\ncourt of competent jurisdiction based upon express findings by such\ncourt that:\n (a) the transfer complies with the requirements of this title;\n (b) the transfer is in the best interest of the payee, taking into\naccount the welfare and support of the payee's dependants; and whether\nthe transaction, including the discount rate used to determine the gross\nadvance amount an
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Nearby Sections
15
§ 5-1107
Written assignment§ 5-1109
Written irrevocable offer§ 5-1301
How interest calculated§ 5-1401
Choice of law§ 5-1402
Choice of forum§ 5-1501
Application and definitionsCite This Page — Counsel Stack
Bluebook (online)
New York § 5-1706, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/5-1706.