S.C. Code § 15-50-170

Current through 2024 Act No. 225.

Section 15-50-170 - Transfer orders; applicability to federal law

Except as otherwise provided, a transfer order signed by a court of competent jurisdiction pursuant to this act constitutes a qualified order under 26 U.S.C. Section 5891. If a transferee to which the transfer order applies is not registered as a structured settlement purchase company pursuant to this act at the time the transfer order is signed, the transfer order does not constitute a qualified order under 26 U.S.C. Section 5891.

S.C. Code § 15-50-170

Added by 2023 S.C. Acts, Act No. 22 (SB 259),s 17, eff. 7/1/2023.

2023 Act No. 22, Section 20, provides as follows:

"SECTION 20. SECTION 9 through SECTION 16 take effect on January 1, 2024. All other SECTIONS take effect on July 1, 2023, and apply to applications filed on or after the effective date."