2023 South Carolina Code of Laws
Title 15 - Civil Remedies and Procedures
Chapter 50 - Structured Settlement Protection Act
Section 15-50-170. Transfer orders; applicability to federal law.
Except as otherwise provided, a transfer order signed by a court of competent jurisdiction pursuant to this act constitutes a qualified order under 26 U.S.C. Section 5891. If a transferee to which the transfer order applies is not registered as a structured settlement purchase company pursuant to this act at the time the transfer order is signed, the transfer order does not constitute a qualified order under 26 U.S.C. Section 5891.
HISTORY: 2023 Act No. 22 (S.259), Section 17, eff July 1, 2023.
Editor's Note
2023 Act No. 22, Section 20, provides as follows:
"SECTION 20. SECTION 9 through SECTION 16 take effect on January 1, 2024. All other SECTIONS take effect on July 1, 2023, and apply to applications filed on or after the effective date."
