Oregon Code § 33.850·Enacted ·Last updated March 01, 2026
Statute Text
to 33.875 if:
(a) The payee is
domiciled in this state;
(b) The domicile
or principal place of business of the obligor or the annuity issuer is located
in this state;
(c) The
structured settlement agreement was approved by a court or responsible
administrative authority in this state; or
(d) The
structured settlement agreement is expressly governed by the laws of this
state.
(2) Prior to
transferring payment rights under ORS 33.850 to 33.875, the transferee shall
file a petition for approval of the transfer:
(a) In the county
in which the payee resides; or
(b) In any court
or before any responsible administrative authority in this state that approved
the structured settlement agreement.
(3) Not less than
20 days prior to the scheduled hearing on a petition for approval of a transfer
of payment rights, the transferee shall send notice of the proposed transfer
to:
(a) The payee;
(b) Any
beneficiary irrevocably designated under the annuity contract to receive
payments following the payees death;
(c) The annuity
issuer;
(d) The obligor;
and
(e) Any other
party that has continuing rights or obligations under the structured settlement
agreement that is the subject of the hearing.
(4) The notice
sent under subsection (3) of this section shall include:
(a) A copy of the
transferees petition.
(b) A copy of the
transfer agreement.
(c) A copy of the
disclosure statement provided to the payee as required under ORS 33.860.
(d) A listing of
each person for whom the payee is legally obligated to provide support,
including the age of each of those persons.
(e) Notification
that any person receiving notice under subsection (3) of this section is
entitled to support, oppose or otherwise respond to the transferees petition,
either in person or by counsel, by submitting written comments to the court or
responsible administrative authority or by participating in the hearing.
(f) Notification
of the time and place of the hearing.
(g) Notification
of the manner in which and the time by which written responses to the petition
must be filed, which shall not be less than 15 days after service of the
transferees notice, in order to be considered by the court or responsible
administrative authority. [2005 c.173 §2; 2013 c.736 §2]
Plain English Explanation
This Oregon statute addresses to 33.875 if:. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 33.850
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses to 33.875 if:. Read the full statute text above for details.
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The formal citation is Oregon Code § 33.850. Use this format in legal documents and court filings.
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