S.D. Codified Laws § 21-3B-8
This is the official text of S.D. Codified Laws § 21-3B-8, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Life-contingent payments not to be transferred--Exception
Official statutory text
No transfer of structured settlement payment rights may extend to any payments that are life - contingent unless, prior to the date on which the payee signs the transfer agreement, the transferee has established and has agreed to maintain procedures reasonably satisfactory to the annuity issuer and the structured settlement obligor for periodically confirming the payee's survival and giving the annuity issuer and the structured settlement obligor prompt written notice in the event of the payee's death.
Source: SL 2001, ch 106, § 8.
Source: SL 2001, ch 106, § 8.
Status: in_force · Read it on the official government site
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