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Current as of January 01, 2025 | Updated by Findlaw Staff
A. The superior court has jurisdiction over any application for authorization to transfer structured settlement payment rights pursuant to § 12-2902.
B. Not less than twenty days before the scheduled hearing on any application for authorization to transfer structured settlement payment rights, the transferee shall file with the court a notice of the proposed transfer and the application for its authorization and shall serve a copy of the notice on any other government authority that previously approved the structured settlement, on all interested parties. The notice shall include:
1. A copy of the transferee's application.
2. A copy of the transfer agreement.
3. A copy of the disclosure statement required under § 12-2902.
4. A listing of each of the payee's dependents, together with each dependent's age.
5. A statement that any interested party is entitled to support, oppose or otherwise respond to the transferee's application, either in person or by counsel, by submitting written comments to the court or other responsible administrative authority or by participating in the hearing.
6. The time and place of the hearing and the manner in which and the time by which written responses to the application must be filed in order to be considered by the court or responsible administrative authority. An interested party shall have at least fifteen days after service of the transferee's notice in which to respond.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 12. Courts and Civil Proceedings § 12-2903. Jurisdiction: transfer approval - last updated January 01, 2025 | https://codes.findlaw.com/az/title-12-courts-and-civil-proceedings/az-rev-st-sect-12-2903/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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