Okla. Stat. tit. 12, § 12-3243
This is the official text of Okla. Stat. tit. 12, § 12-3243, part of Oklahoma’s Stat. tit. 12, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Application for approval of transfer of payment rights
Official statutory text
A. An application under the Structured Settlement Protection
Act for approval of a transfer of structured settlement payment
rights shall be made by the transferee and may be brought in the
county in which the payee resides, in the county in which the
Oklahoma Statutes - Title 12. Civil Procedure Page 541
structured settlement obligor or the annuity issuer maintains its
principal place of business, or in any court or before any
responsible administrative authority which approved the structured
settlement agreement.
B. Not less than twenty (20) days prior to the scheduled
hearing on any application for approval of a transfer of structured
settlement payment rights under Section 4 of this act, the
transferee shall file with the court or responsible administrative
authority and serve on all interested parties a notice of the
proposed transfer and the application for its authorization,
including with such 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 3
of this act;
4. A listing of each of the payee’s dependents, together with
each dependent’s age;
5. Notification that any interested party is entitled to
support, oppose or otherwise respond to the transferee’s
application, either in person or by counsel, by submitting written
comments to the court or responsible administrative authority or by
participating in the hearing; and
6. Notification of the time and place of the hearing and
notification of the manner in which and the time by which written
responses to the application must be filed, which shall be not less
than fifteen (15) days after service of the transferee’s notice, in
order to be considered by the court or responsible administrative
authority.
Act for approval of a transfer of structured settlement payment
rights shall be made by the transferee and may be brought in the
county in which the payee resides, in the county in which the
Oklahoma Statutes - Title 12. Civil Procedure Page 541
structured settlement obligor or the annuity issuer maintains its
principal place of business, or in any court or before any
responsible administrative authority which approved the structured
settlement agreement.
B. Not less than twenty (20) days prior to the scheduled
hearing on any application for approval of a transfer of structured
settlement payment rights under Section 4 of this act, the
transferee shall file with the court or responsible administrative
authority and serve on all interested parties a notice of the
proposed transfer and the application for its authorization,
including with such 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 3
of this act;
4. A listing of each of the payee’s dependents, together with
each dependent’s age;
5. Notification that any interested party is entitled to
support, oppose or otherwise respond to the transferee’s
application, either in person or by counsel, by submitting written
comments to the court or responsible administrative authority or by
participating in the hearing; and
6. Notification of the time and place of the hearing and
notification of the manner in which and the time by which written
responses to the application must be filed, which shall be not less
than fifteen (15) days after service of the transferee’s notice, in
order to be considered by the court or responsible administrative
authority.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.