21-3B-9. No payee liability for failure to comply with chapter.
No payee who proposes to make a transfer of structured settlement payment rights may incur any penalty, forfeit any application fee or other payment, or otherwise incur any liability to the proposed transferee or any assignee based on any failure of such transfer to satisfy the conditions of this chapter.
Source: SL 2001, ch 106, ยง9.
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.