South Carolina § 15-50-170 Transfer orders; applicability to federal law.

South Carolina Statutes

§ 15-50-170 — Transfer orders; applicability to federal law.

South Carolina § 15-50-170

Title 15CIVIL REMEDIES AND PROCEDURES

Ch. 50STRUCTURED SETTLEMENT PROTECTION ACT

This text of South Carolina § 15-50-170 (Transfer orders; applicability to federal law.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 15-50-170 (2026).

Text

Except as otherwise provided, a transfer order signed by a court of competent jurisdiction pursuant to this act constitutes a qualified order under 26 U.S.C. Section 5891. If a transferee to which the transfer order applies is not registered as a structured settlement purchase company pursuant to this act at the time the transfer order is signed, the transfer order does not constitute a qualified order under 26 U.S.C. Section 5891.

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Except as otherwise provided, a transfer order signed by a court of competent jurisdiction pursuant to this act constitutes a qualified order under 26 U.S.C. Section 5891. If a transferee to which the transfer order applies is not registered as a structured settlement purchase company pursuant to this act at the time the transfer order is signed, the transfer order does not constitute a qualified order under 26 U.S.C. Section 5891.

Legislative History

HISTORY: 2023 Act No. 22 (S.259), SECTION 17, eff July 1, 2023. Editor's Note 2023 Act No. 22, SECTION 20, provides as follows: "SECTION 20. SECTION 9 through SECTION 16 take effect on January 1, 2024. All other SECTIONS take effect on July 1, 2023, and apply to applications filed on or after the effective date."