South Carolina Statutes
§ 15-50-170 — Transfer orders; applicability to federal law.
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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Related
§ 5891
26 U.S.C. § 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."
Nearby Sections
15
§ 15-50-10
Short title.§ 15-50-100
Registration valid for one year.§ 15-50-110
Registration applications; bond.§ 15-50-120
Notice of judgements required to be filed.§ 15-50-130
Exclusions for breaches or omissions.§ 15-50-150
Assignees not required to register.§ 15-50-20
Definitions.