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76 chapters · 1,068 sections in this title.
SDCL § 21-3B-1 Definitions
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Terms used in this chapter mean: (1) "Annuity issuer," an insurer that has issued a contract to fund periodic payments under a structured settlement; (2) "Dependents," a payee's spouse and any minor child and any other person for whom the payee is legally obligated to provide sup…
SDCL § 21-3B-10 Effect of chapter on existing laws and transfer agreements
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Nothing contained in this chapter authorizes any transfer of structured settlement payment rights in contravention of any law or to imply that any transfer under a transfer agreement entered into prior to July 1, 2001, is valid or invalid. Source: SL 2001, ch 106 , § 10.
SDCL § 21-3B-11 Transferee solely responsible for certain requirements
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Compliance with the requirements set forth in § 21-3B-2 and fulfillment of the conditions set forth in § 21-3B-3 shall be solely the responsibility of the transferee in any transfer of structured settlement payment rights, and neither the structured settlement obligor nor the ann…
SDCL § 21-3B-12 Applicability of chapter
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This chapter applies to any transfer of structured settlement payment rights under a transfer agreement entered into on or after July 1, 2001. Nothing contained in this chapter implies that any transfer under a transfer agreement reached prior to such date is either effective or …
