§ 42-9-310 — Trustees may administer lump-sum settlements.

Whenever the commission considers it expedient, any lump sum subject to the provisions of Section 42-9-301 must be paid by the employer to some suitable person or corporation appointed by a court of competent jurisdiction in the county wherein the accident occurred, as trustee, to administer it for the benefit of the person entitled thereto, in the manner provided by the commission. When the amount to be paid under this section is in excess of one hundred dollars, the trustee is required to give sufficient bond approved by the probate court or clerk of the court of common pleas. The receipt of the trustee for the amount as paid discharges the employer or anyone else who is liable therefor.

Legislative History

HISTORY: 1962 Code SECTION 72-182; 1952 Code SECTION 72-182; 1942 Code SECTION 7035-48; 1936 (39) 1231; 1988 Act No. 313, SECTION 1, eff February 24, 1988.