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 or assignee of structured settlement payment rights, unless the transfer has been approved in advance in a final court order based on express findings by such court that all of the following apply:
History. Code 1981, § 51-12-77 , enacted by Ga. L. 2021, p. 663, § 1/HB 443.
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