MCL - Act 296 of 2006


REVISED STRUCTURED SETTLEMENT PROTECTION ACT

Act 296 of 2006

AN ACT to regulate the transfer of structured settlement rights; to place conditions on the transfer of structured settlement rights; to establish a procedure for approval of transfer of structured settlement rights; and to repeal acts and parts of acts.


History: 2006, Act 296, Eff. Sept. 1, 2006




The People of the State of Michigan enact:
Document Type Description
Section 691.1301 Section Short title.
Section 691.1302 Section Definitions.
Section 691.1303 Section Separate disclosure statement to be provided by transferee; type; contents.
Section 691.1304 Section Transfer of structured settlement payment rights; final court order; approval; basis; findings.
Section 691.1305 Section Transfer of structured settlement payment rights; effects.
Section 691.1306 Section Transfer of structured settlement payment rights; application for approval; court jurisdiction; notice of proposed transfer.
Section 691.1307 Section Waiver prohibited; scope and effect of act; failure to comply with act.
Section 691.1308 Section Applicability of act.
Section 691.1309 Section Repeal of MCL 691.1191 to 691.1197.
Section 691.1310 Section Effective date.