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Texas Civil Practice and Remedies Code

§ 141.006 — PROCEDURE FOR APPROVAL OF TRANSFERS

CP § 141.006Title 6. MISCELLANEOUS PROVISIONS · Ch. 141. STRUCTURED SETTLEMENT PROTECTION ACT

Statute text

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(a)An application under this chapter for approval of a transfer of structured settlement payment rights shall be made by the transferee and shall be brought in the court.
(b)At least 20 days before the date of the scheduled hearing on any application for approval of a transfer of structured settlement payment rights under Section 141.004, the transferee shall file with the court and serve on all interested parties a notice of the proposed transfer and the application for authorization, including with the notice:
(1)a copy of the transferee's application;
(2)a copy of the transfer agreement;
(3)a copy of the disclosure statement required under Section 141.003;
(4)a listing of each of the payee's dependents, together with each dependent's age;

Legislative history

Acts 2017, 85th Leg., R.S., Ch. 802 (H.B. 3356), Sec. 1, eff. June 15, 2017.

Source: Texas Civil Practice and Remedies Code § 141.006 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.