ARTICLE 2.3. Transfers of Structured Settlement Payment Rights [10134. - 10139.5.]
Article 2.3 added by Stats. 1999, Ch. 742, Sec. 1.
§§ 10134–10139.5 · 11 sections
- § 10134 For the purposes of this article, the following terms have the following meanings: (a) “Buyer’s first right of refusal” means any provision in the transfer…
- § 10135 (a) This article is only applicable to transfers entered into on or after January 1, 2000. (b) Notwithstanding subdivision (a), the changes to this article…
- § 10136 (a) No direct or indirect transfer of structured settlement payment rights by a payee to which this article applies shall be effective, and no structured…
- § 10137 A transfer of structured settlement payment rights is void unless a court reviews and approves the transfer and finds the following conditions are met: (a) The…
- § 10138 (a) A transfer agreement, as defined in subdivision (o) of Section 10134, shall not include any provision described in the paragraphs below. Any inclusion of a…
- § 10139 The transferee shall retain, for three years after the date of the last payment under the structured settlement agreement, or for five years after the date of…
- § 10139.1 Any subsequent transfer of any additional structured settlement payments between the payee and transferee may be made only after compliance with all of the…
- § 10139.2 Any notice required by this article shall be deemed to have been given if addressed to the recipient’s last known address and deposited, first class postage…
- § 10139.3 (a) None of the provisions of this article may be waived by the payee. (b) Compliance with the requirements set forth in Sections 10136, 10137, and 10138 shall…
- § 10139.4 A violation of this article by a transferee shall constitute an unfair business practice pursuant to Chapter 5 (commencing with Section 17200) of Part 2 of…
- § 10139.5 (a) A direct or indirect transfer of structured settlement payment rights is not effective and a structured settlement obligor or annuity issuer is not…