Wyoming § 1-16-605 Effects of transfer of structured settlement
payment rights

Wyoming Statutes

§ 1-16-605 — Effects of transfer of structured settlement payment rights

Wyoming § 1-16-605

Title 01Civil Procedure

Ch. 16JUDGMENTS GENERALLY

Art. 6WYOMING STRUCTURED SETTLEMENT PROTECTION ACT

This text of Wyoming § 1-16-605 (Effects of transfer of structured settlement payment rights) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 1-16-605 (2026).

Text

(a)Following a transfer of structured settlement payment rights under this act:

(i)The structured settlement obligor and the annuity issuer shall, as to all parties except the transferee, be discharged and released from any and all liability for the transferred payments;

(ii)The transferee shall be liable to the structured settlement obligor and the annuity issuer:

(A)If the transfer contravenes the terms of the structured settlement, for any taxes incurred by such parties as a consequence of the transfer; and

(B)For any other liabilities or costs, including reasonable costs and attorneys' fees arising from compliance by such parties with the order of the court or arising as a consequence of the transferee's failure to comply with this act.

(iii)Neither the annuity issuer nor the str

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(a) Following a transfer of structured settlement payment
rights under this act:
(i) The structured settlement obligor and the annuity
issuer shall, as to all parties except the transferee, be
discharged and released from any and all liability for the
transferred payments;
(ii) The transferee shall be liable to the structured
settlement obligor and the annuity issuer:
(A) If the transfer contravenes the terms of the
structured settlement, for any taxes incurred by such parties as
a consequence of the transfer; and
(B) For any other liabilities or costs,
including reasonable costs and attorneys' fees arising from
compliance by such parties with the order of the court or
arising as a consequence of the transferee's failure to comply
with this act.
(iii) Neither the annuity issuer nor the structured
settlement obligor may be required to divide any periodic
payment between the payee and any transferee or assignee or
between two (2) or more transferees or assignees; and
(iv) Any further transfer of structured settlement
payment rights by the payee may be made only after compliance
with all requirements of this act.