Indiana Code 27-1-29.1-15. Single or installment payments; limits
Current as of: 2024 | Check for updates
|
Other versions
Sec. 15. An amount payable under section 13 of this chapter that is no more than ten thousand dollars ($10,000) may be paid in a single, immediate payment. An amount payable under section 13 of this chapter that is greater than ten thousand dollars ($10,000) shall be paid:
(2) under a structured settlement negotiated under section 18(d) of this chapter.
(1) in installments under section 18(c) of this chapter; or
Terms Used In Indiana Code 27-1-29.1-15
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
As added by P.L.272-1987, SEC.7.