21-3B-11. Transferee solely responsible for certain requirements.
Compliance with the requirements set forth in §21-3B-2 and fulfillment of the conditions set forth in §21-3B-3 shall be solely the responsibility of the transferee in any transfer of structured settlement payment rights, and neither the structured settlement obligor nor the annuity issuer bears any responsibility for, or any liability arising from, noncompliance with such requirements or failure to fulfill such conditions.
Source: SL 2001, ch 106, §11.
Structure South Dakota Codified Laws
Chapter 03B - Structured Settlements
Section 21-3B-1 - Definitions.
Section 21-3B-2 - Transferee to provide disclosure statement--Information required.
Section 21-3B-4 - Rights and obligations following transfer.
Section 21-3B-6 - Payee may not waive provisions.
Section 21-3B-7 - Disputes decided under state law.
Section 21-3B-9 - No payee liability for failure to comply with chapter.
Section 21-3B-10 - Effect of chapter on existing laws and transfer agreements.
Section 21-3B-11 - Transferee solely responsible for certain requirements.