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Official Code of Georgia Annotated

Title 51. TORTS · Chapter 12. DAMAGES · Article 4. GEORGIA STRUCTURED SETTLEMENT PROTECTION

51-12-75. Transfer orders as qualified orders under federal statutes.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. A transfer order signed by a Georgia court of competent jurisdiction in accordance with this article shall constitute a qualified order under 26 U.S.C. Section 5891. A transfer order signed by a Georgia court of competent jurisdiction after July 1, 2021, 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. Section 5891.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 51-12-75, enacted by Ga. L. 2021, p. 663, § 1/HB 443.

Code Commission notes

Pursuant to Code Section 28-9-5, in 2021, “July 1, 2021” was substituted for “the effective date of this article”.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t51-(v39)-pdf.pdf, Volume V39, 2017 edition, 2025 supplement, page 111; merge action: replaced; file SHA-256 9104a04c683d.