# Tex. Civil Practice and Remedies Code § 141.004: APPROVAL OF TRANSFERS OF STRUCTURED SETTLEMENT PAYMENT RIGHTS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Ccp_C141_S141.004

## Section

- **Citation:** Tex. Civil Practice and Remedies Code § 141.004
- **Heading:** APPROVAL OF TRANSFERS OF STRUCTURED SETTLEMENT PAYMENT RIGHTS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code cp / Chapter 141 / Section 141.004

## Text

No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee of structured settlement payment rights unless the transfer has been approved in advance in a final court order based on express findings by the court that:

(1) the transfer is in the best interest of the payee, taking into account the welfare and support of the payee's dependents;

(2) the payee has been advised in writing by the transferee to seek independent professional advice regarding the transfer and has either received the advice or knowingly waived the advice in writing; and

(3) the transfer does not contravene any applicable statute or an order of any court or other governmental authority.

## Nearby sections

- [Tex. Civil Practice and Remedies Code § 141.001 § 141.001. SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Ccp_C141_S141.001.md)
- [Tex. Civil Practice and Remedies Code § 141.002 § 141.002. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Ccp_C141_S141.002.md)
- [Tex. Civil Practice and Remedies Code § 141.003 § 141.003. REQUIRED DISCLOSURES TO PAYEE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Ccp_C141_S141.003.md)
- [Tex. Civil Practice and Remedies Code § 141.004 § 141.004. APPROVAL OF TRANSFERS OF STRUCTURED SETTLEMENT PAYMENT RIGHTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Ccp_C141_S141.004.md)
- [Tex. Civil Practice and Remedies Code § 141.005 § 141.005. EFFECTS OF TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Ccp_C141_S141.005.md)
- [Tex. Civil Practice and Remedies Code § 141.006 § 141.006. PROCEDURE FOR APPROVAL OF TRANSFERS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Ccp_C141_S141.006.md)
- [Tex. Civil Practice and Remedies Code § 141.007 § 141.007. GENERAL PROVISIONS; CONSTRUCTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Ccp_C141_S141.007.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Ccp_C141_S141.004. Check the current official text before relying on it. Not legal advice.