Utah Statutes
§ 78B-6-1504 — Approval of transfers of structured settlement payment rights.
Utah·Title 78B Judicial Code·Ch. 78B-6 Particular Proceedings·Part 78B-6-15 Structured Settlement Protection Act
Direct or indirect transfer of structured settlement payment rights may not be effective and a structured settlement obligor or annuity issuer may not 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:
(1)the transfer is in the best interest of the payee, taking into account the welfare and support of the payee's dependents;
(2)the payee has been advised in writing by the transferee to seek independent professional advice regarding the transfer and has either received such advice or knowingly waived such advice in writing; and
(3)the transfer does not contravene any applicable statute or the order of any court
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Utah § 78B-6-1504 (Approval of transfers of structured settlement payment rights.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Renumbered and Amended by Chapter 3, 2008 General Session
Nearby Sections
15
§ 78B-1-101
Title.§ 78B-1-102
Definitions.§ 78B-1-104
Jury composition.§ 78B-1-109
Excuse from jury service -- Postponement.§ 78B-1-110
Limitations on jury service.§ 78B-1-112
Jurors -- Preservation of records.§ 78B-1-114
Jury fee assessments -- Payment.§ 78B-1-115
Jurors -- Penalties.