# N.D. Cent. Code § 32-03.4-04: 32-03.4-04. Effects of transfer of structured settlement payment rights

> North Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-04

## Section

- **Citation:** N.D. Cent. Code § 32-03.4-04
- **Heading:** 32-03.4-04. Effects of transfer of structured settlement payment rights
- **Jurisdiction:** North Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ND Code / Title 32 / Chapter 32-03.4 / Section 32-03.4-04

## Text

32-03.4-04. Effects of transfer of structured settlement payment rights

Following a transfer of structured settlement payment rights under this chapter:

1. The structured settlement obligor and the annuity issuer are discharged and released

from all liability for the transferred payments as to all parties except the transferee;

2. The transferee is liable to the structured settlement obligor and the annuity issuer:

a. If the transfer contravenes the terms of the structured settlement, for any taxes

incurred by those parties as a consequence of the transfer; and

b. For any other liabilities or costs, including reasonable costs and attorney's fees,

arising from compliance by those parties with the order of the court or arising as a

consequence of the transferee's failure to comply with this chapter;

3. Neither the annuity issuer nor the structured settlement obligor may be required to

divide any periodic payment between the payee and any transferee or assignee or

between two or more transferees or assignees; and

4. Any further transfer of structured settlement payment rights by the payee may be

made only after compliance with all of the requirements of this chapter.

## Nearby sections

- [N.D. Cent. Code § 32-03.4-01 32-03.4-01. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-01.md)
- [N.D. Cent. Code § 32-03.4-02 32-03.4-02. Required disclosures to payee](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-02.md)
- [N.D. Cent. Code § 32-03.4-03 32-03.4-03. Approval of transfers of structured settlement payment rights](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-03.md)
- [N.D. Cent. Code § 32-03.4-04 32-03.4-04. Effects of transfer of structured settlement payment rights](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-04.md)
- [N.D. Cent. Code § 32-03.4-05 32-03.4-05. Procedure for approval of transfers](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-05.md)
- [N.D. Cent. Code § 32-03.4-06 32-03.4-06. No waiver by payee](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-06.md)
- [N.D. Cent. Code § 32-03.4-07 32-03.4-07. Disputes decided under state law](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-07.md)
- [N.D. Cent. Code § 32-03.4-08 32-03.4-08. Life-contingent payments not to be transferred - Exception](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-08.md)
- [N.D. Cent. Code § 32-03.4-09 32-03.4-09. No payee liability for failure to comply with chapter](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-09.md)
- [N.D. Cent. Code § 32-03.4-10 32-03.4-10. Effect of chapter on existing laws and transfer agreements](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-10.md)
- [N.D. Cent. Code § 32-03.4-11 32-03.4-11. Transferee solely responsible for certain requirements](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-11.md)
- [N.D. Cent. Code § 32-03.4-12 32-03.4-12. Penalty](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-12.md)
- [N.D. Cent. Code § 32-03.4-13 32-03.4-13. Applicability of chapter](https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ND_T32_C32-03.4_S32-03.4-04. Check the current official text before relying on it. Not legal advice.