There Is a Newer Version of this Section
  1. 2023 N.J. Rev. Stat.
  2. 2022 N.J. Rev. Stat.
  3. 2021 N.J. Rev. Stat.
  4. 2020 N.J. Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2020 New Jersey Revised Statutes
Title 2A - Administration of Civil and Criminal Justice
Section 2A:16-66 - Approval required for payment

Universal Citation:
NJ Rev Stat § 2A:16-66 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next

2A:16-66. Approval required for payment

4. No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall 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 or order of a responsible administrative authority based on express findings by the court or responsible administrative authority that:

a. the transfer is in the best interest of the payee, taking into account the welfare and support of the payee's dependents;

b. the payee has been advised in writing by the transferee to seek independent professional advice regarding the transfer and has either received the advice or knowingly waived the right to seek that advice in writing; and

c. the transfer does not contravene any applicable statute or the order of any court or other government authority.

L.2001,c.139,s.4.

Previous Next
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.