Texas Civil Practice and Remedies Code § 141.002[2/2]
Summary
This section defines key terms related to structured settlements, including what constitutes the terms of a structured settlement and the meaning of 'transfer'. It is relevant for attorneys and paralegals handling structured settlement agreements and related transactions.
Defines 'terms of the structured settlement' including agreements and contracts.
Clarifies 'transfer' as various forms of alienation of payment rights.
Excludes certain actions from the definition of transfer.
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In simple terms: Learn about Texas's DEFINITIONS. In this chapter: law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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