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Act 296 of 2006
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REVISED STRUCTURED SETTLEMENT PROTECTION ACT

Act 296 of 2006

AN ACT to regulate the transfer of structured settlement rights; to place conditions on the transfer of structured settlement rights; to establish a procedure for approval of transfer of structured settlement rights; and to repeal acts and parts of acts.


History: 2006, Act 296, Eff. Sept. 1, 2006




The People of the State of Michigan enact:

DocumentTypeDescription
Section 691.1301SectionShort title.
Section 691.1302SectionDefinitions.
Section 691.1303SectionSeparate disclosure statement to be provided by transferee; type; contents.
Section 691.1304SectionTransfer of structured settlement payment rights; final court order; approval; basis; findings.
Section 691.1305SectionTransfer of structured settlement payment rights; effects.
Section 691.1306SectionTransfer of structured settlement payment rights; application for approval; court jurisdiction; notice of proposed transfer.
Section 691.1307SectionWaiver prohibited; scope and effect of act; failure to comply with act.
Section 691.1308SectionApplicability of act.
Section 691.1309SectionRepeal of MCL 691.1191 to 691.1197.
Section 691.1310SectionEffective date.
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