Colorado § 13-23-104 - Approval of transfers of structured settlement payment rights.
Full text of Colorado Colorado Revised Statutes § 13-23-104 — Approval of transfers of structured settlement payment rights., with citation guidance and answers to common questions.
§ 13-23-104. Approval of transfers of structured settlement payment rights.
(1) A direct or indirect transfer of a structured settlement payment right shall not be effective and a structured settlement obligor or annuity issuer shall not be required to make a payment directly or indirectly to a transferee of a structured settlement payment right unless the transfer has been approved in advance in a final court order or order of a responsible administrative authority based on express findings by such court or responsible administrative authority that:
(a) The transfer is in the best interests of the payee, taking into account the welfare and support of the payee's dependents;
(b) The payee has been advised in writing by the transferee to seek independent professional advice regarding the transfer and has either received such advice or knowingly and willingly waived such advice in writing; and
(c) The transfer does not contravene any applicable statute or the order of any court or other government authority.
Source: L. 2004: Entire article added, p. 497, § 1, effective July 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 13-23-104
What does Colorado Revised Statutes § 13-23-104 cover?
Section 13-23-104 ("Approval of transfers of structured settlement payment rights.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 13-23-104?
A common citation format is "Colorado Revised Statutes § 13-23-104" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 13-23-104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.