North Carolina General Statutes 1-394.1. Special proceedings to determine authority to transfer structured settlement payment rights
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Terms Used In North Carolina General Statutes 1-394.1
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- 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.
When a special proceeding is commenced to obtain authorization for the transfer of structured settlement payment rights pursuant to Article 44B of this Chapter, the provisions of this Article apply except that the interested parties shall have 30 days to appear and answer the petition, and all hearings on such petitions must be conducted before a superior court judge and all final orders on such petitions must be entered by a superior court judge. (1999-367, s. 2.)