141.006 – PROCEDURE FOR APPROVAL OF TRANSFERS. (a) An
Texas Civil Practice and Remedies Code § 141.006
Summary
This law outlines the procedure for obtaining court approval for transferring structured settlement payment rights. It requires the transferee to notify interested parties and file an application with the court at least 20 days before the hearing.
Transferee must file an application in court for approval.
Notice must be served to interested parties 20 days prior to hearing.
Court approval is required for transfer of structured settlement rights.
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In simple terms: Learn about Texas's PROCEDURE FOR APPROVAL OF TRANSFERS. (a) An 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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