Sec. 3. As used in this chapter, “transfer” means a:

(1) sale;

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Terms Used In Indiana Code 34-50-2-3

  • 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.
(2) assignment;

(3) pledge;

(4) hypothecation; or

(5) any other form of alienation or encumbrance;

of structured settlement payment rights made by a payee for consideration.

As added by P.L.219-2001, SEC.6.