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Code · Louisiana · Title 9 — Civil Code-Ancillaries

RS 9:2713.4

136 words·~1 min read·/la/title-9/9-2146

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RS 9:2713.4
§2713.4. Authority to pursue and complete transfers
A. At the time the transfer order is to be signed by the court, all transferees must provide evidence to the court in which a structured settlement transfer proceeding is filed that the transferee is registered to do business in this state as a structured settlement purchase company.
B. A transfer order signed by a Louisiana court of competent jurisdiction in accordance with this Act shall constitute a qualified order under 26 U.S.C. 5891. A transfer order signed by a Louisiana court of competent jurisdiction after July 1, 2020, where the transferee is not a registered structured settlement purchase company at the time the transfer order is signed shall not constitute a qualified order under 26 U.S.C. 5891.
Acts 2019, No. 260, §1, eff. July 1, 2020.
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