Montana § 33-20-1405 - Obligations After Transfer
Full text of Montana Montana Code Annotated § 33-20-1405 — Obligations After Transfer, with citation guidance and answers to common questions.
§ 33-20-1405. Obligations After Transfer
Obligations after transfer. After the transfer of a structured settlement payment right pursuant to this part: (1) the structured settlement obligor and the annuity issuer are discharged and released from liability for the transferred payments to all parties except to the transferee; (2) the transferee is liable to the structured settlement obligor and the annuity issuer: (a) if the transfer contravenes the terms of the structured settlement for any tax incurred by the structured settlement obligor or annuity issuer as a consequence of the transfer; and (b) for any other liability or cost, including reasonable costs and attorney fees, arising: (i) from compliance by the structured settlement obligor and annuity issuer with the order of the court or responsible administrative authority; or (ii) as a consequence of the transferee's failure to comply with this part; and (3) neither the structured settlement obligor nor the annuity issuer may be required to divide a periodic payment between a payee and a transferee or assignee or between two or more transferees or assignees.
Frequently Asked Questions About Montana § 33-20-1405
What does Montana Code Annotated § 33-20-1405 cover?
Section 33-20-1405 ("Obligations After Transfer") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 33-20-1405?
A common citation format is "Montana Code Annotated § 33-20-1405" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 33-20-1405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.