A transfer order signed by a Georgia court of competent jurisdiction in accordance with this article shall constitute a qualified order under 26 U.S.C. Section 5891. A transfer order signed by a Georgia court of competent jurisdiction after July 1, 2021, where the transferee is not a registered structured settlement purchase company at the time the transfer order is signed shall not constitute a qualified order under 26 U.S.C. Section 5891.
History. Code 1981, § 51-12-75 , enacted by Ga. L. 2021, p. 663, § 1/HB 443.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2021, “July 1, 2021” was substituted for “the effective date of this article”.
Structure Georgia Code
Article 4 - Georgia Structured Settlement Protection
§ 51-12-73. Structured Settlement Purchase Companies; Requirements for Doing Business
§ 51-12-74. Prohibited Activities; Penalty for Violation
§ 51-12-75. Transfer Orders as Qualified Orders Under Federal Statutes
§ 51-12-76. Separate Disclosure Statement Provided to Payee; Requirements
§ 51-12-77. Approval of Transfer by Court Order; Requirements
§ 51-12-78. Redirecting Payments; Liability of Transferee; Dividing Payment; Compliance
§ 51-12-80. Waiver Prohibited; Governing Law; Death of Payee; Compliance by Transferee