Indiana § 4-30-11-2.5 - Assignment of prize payments
Full text of Indiana Indiana Code § 4-30-11-2.5 — Assignment of prize payments, with citation guidance and answers to common questions.
§ 4-30-11-2.5. Assignment of prize payments
Sec. 2.5. (a) The right of a person to a prize is assignable if the prize is paid by the commission in installments over time.
(b) A prize described in subsection (a) may be assigned, in whole or in part, if the assignment is made to a person or entity approved by a court based on a petition filed under IC 34-28-9.2.
(c) A prize payment may not be assigned to more than three (3) individuals or entities and a prize winner may not initiate more than three (3) assignment transactions in any single year.
(d) If more than one (1) person owns a prize payment, any assignment of the prize payment or payments must be made by each of the individuals who own the prize payment or payments.
(e) A prize payment or payments cannot be assigned until all debts listed in section 11 of this chapter are satisfied.
(f) A prize payment or any portion of a prize payment may not be assigned more than three (3) times unless the commission consents to an additional assignment. An assignment and reassignment of a prize payment or payments to one (1) individual or entity under a court order entered under a petition filed under IC 34-28-9.2 shall be considered a single assignment.
(g) The commission may charge a reasonable fee to the assignee to defray the cost of any administrative expenses associated with assignments approved by a court under IC 34-28-9.2. The fee may include the cost to the commission of a reasonable processing fee charged by a private annuity provider based on the direct and indirect costs of processing the assignment.
(h) A person who enters into a contract to assign a prize payment or payments under this section may cancel the contract assigning the person's prize payment or payments within three (3) business days after the date the contract assigning the prize payment or payments is signed.
(i) A contract assigning a prize payment or payments under this section and entered into before July 1, 2014, is unenforceable and invalid.
As added by P.L.198-2014, SEC.3.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-30-11-2.5
What does Indiana Code § 4-30-11-2.5 cover?
Section 4-30-11-2.5 ("Assignment of prize payments") is part of the Indiana Code, the codified statutory law of Indiana. 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 Indiana § 4-30-11-2.5?
A common citation format is "Indiana Code § 4-30-11-2.5" (Indiana). 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 Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 4-30-11-2.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana 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 Indiana.