South Dakota Codified Laws 21-3B-12. Applicability of chapter
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This chapter applies to any transfer of structured settlement payment rights under a transfer agreement entered into on or after July 1, 2001. Nothing contained in this chapter implies that any transfer under a transfer agreement reached prior to such date is either effective or ineffective.
Terms Used In South Dakota Codified Laws 21-3B-12
- 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.
Source: SL 2001, ch 106, § 12.