§ 34-50-2-9 Effect of disapproval of transfers; waiver prohibited; unlawful transfers

Codes > Indiana Code > Title 34 > Article 50 : Chapter 2 > 34-50-2-9 Effect

34-50-2-9 Effect of disapproval of transfers; waiver prohibited; unlawful transfers

    Sec. 9. (a) A payee who proposes to make a transfer of structured settlement payment rights does not:

        (1) incur a penalty;

        (2) forfeit an application fee or other payment; or

        (3) otherwise incur a liability to the proposed transferee;

    if the transfer is not approved by a court under section 7 of this chapter.

    (b) A provision of this chapter may not be waived.

    (c) This chapter does not:

        (1) authorize a transfer of structured settlement payment rights in contravention of applicable law; or

        (2) give effect to a transfer of structured settlement payment rights that is void under applicable law.