O.C.G.A.

O.C.G.A. § 51-12-76 (2019)

Provisions unwaivable; no penalty or forfeiture

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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(a) The provisions of this article may not be waived.

(b) No payee who proposes to make a transfer of structured settlement payment rights shall incur any penalty, forfeit any application fee or other payment, or otherwise incur any liability to the proposed transferee based on:

(1) Any failure of such transfer to satisfy the conditions of this article; or

(2) Any failure by the payee to execute the transfer agreement or any cancellation by the payee within the time prescribed in Code Section 51-12-72.

History

(Code 1981, § 51-12-76, enacted by Ga. L. 1999, p. 853, § 1; Ga. L. 2015, p. 1088, § 46/SB 148.)

Annotations

Code Commission notes. - Pursuant to Code Section 28-9-5, in 1999, a colon was added at the end of the introductory paragraph of subsection (b).

Editor’s notes. - Ga. L. 2015, p. 1088, § 46/SB 148, effective July 1, 2015, reenacted this Code section without change.