Mississippi § 11-57-7 - Transfers of structured settlement payment rights.
Full text of Mississippi Mississippi Code of 1972 Annotated § 11-57-7 — Transfers of structured settlement payment rights., with citation guidance and answers to common questions.
§ 11-57-7. Transfers of structured settlement payment rights.
No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee of structured settlement payment rights 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: The transfer is in the best interest of the payee, taking into account the welfare and support of the payee’s dependents; 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 waived such advice in writing; and The transfer does not contravene any applicable statute or the order of any court or other government authority.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 11-57-7
What does Mississippi Code of 1972 Annotated § 11-57-7 cover?
Section 11-57-7 ("Transfers of structured settlement payment rights.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. 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 Mississippi § 11-57-7?
A common citation format is "Mississippi Code of 1972 Annotated § 11-57-7" (Mississippi). 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 Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 11-57-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi 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 Mississippi.