Nevada § 42.375 - Applicant for approval of transfer of structured settlement payment rights required to provide evidence of registration; transfer order signed by court constitutes qualified order under federal law if transferee is registered
Full text of Nevada Nevada Revised Statutes § 42.375 — Applicant for approval of transfer of structured settlement payment rights required to provide evidence of registration; transfer order signed by court constitutes qualified order under federal law if transferee is registered, with citation guidance and answers to common questions.
§ 42.375. Applicant for approval of transfer of structured settlement payment rights required to provide evidence of registration; transfer order signed by court constitutes qualified order under federal law if transferee is registered
1. At the time an application is made under NRS 42.200 to 42.400 , inclusive, for the approval of a transfer of structured settlement payment rights,
the application of the transferee must include evidence that the transferee is registered
to do business in this State as a structured settlement purchase company. 2. Except as otherwise provided in this subsection, a transfer order signed by a district
court of competent jurisdiction pursuant to NRS 42.200 to 42.400 , inclusive, constitutes a qualified order under 26 U.S.C. § 5891 . If a transferee to which the transfer order applies is not registered as a structured
settlement purchase company pursuant to NRS 42.200 to 42.400 , inclusive, at the time the transfer order is signed, the transfer order does not
constitute a qualified order under 26 U.S.C. § 5891 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 42.375
What does Nevada Revised Statutes § 42.375 cover?
Section 42.375 ("Applicant for approval of transfer of structured settlement payment rights required to provide evidence of registration; transfer order signed by court constitutes qualified order under federal law if transferee is registered") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. 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 Nevada § 42.375?
A common citation format is "Nevada Revised Statutes § 42.375" (Nevada). 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 Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 42.375 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada 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 Nevada.