Court approval of transfers required
Sec. 5. A direct or indirect transfer of structured settlement
payment rights is not effective, and a structured settlement obligor or
annuity issuer is not required to make a payment directly or
indirectly to a transferee, unless an Indiana court of competent
jurisdiction has approved the transfer in a final order in accordance
with sections 7 and 8 of this chapter.
As added by P.L.219-2001, SEC.6.
Last modified: May 24, 2006