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2018 Indiana Code
TITLE 34. Civil Law and Procedure
ARTICLE 50. SETTLEMENT OF CLAIMS
CHAPTER 2. Annuity Structured Settlements
34-50-2-9. Effect of disapproval of transfers; waiver prohibited; unlawful transfers
Universal Citation: IN Code § 34-50-2-9 (2018)
IC 34-50-2-9 Effect of disapproval of transfers; waiver prohibited; unlawful transfers
Sec. 9. (a) A payee who proposes to make a transfer of structured settlement payment rights does not:
(1) incur a penalty;
(2) forfeit an application fee or other payment; or
(3) otherwise incur a liability to the proposed transferee;
if the transfer is not approved by a court under section 7 of this chapter.
(b) A provision of this chapter may not be waived.
(c) This chapter does not:
(1) authorize a transfer of structured settlement payment rights in contravention of applicable law; or
(2) give effect to a transfer of structured settlement payment rights that is void under applicable law.
As added by P.L.219-2001, SEC.6.
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