Nevada § 42.385 - Approval of transfers of structured settlement payment rights
Full text of Nevada Nevada Revised Statutes § 42.385 — Approval of transfers of structured settlement payment rights, with citation guidance and answers to common questions.
§ 42.385. Approval of transfers of structured settlement payment rights
A direct or indirect transfer of structured settlement payment rights is not effective,
and a structured settlement obligor or annuity issuer is not required to make any
payment directly or indirectly to any transferee or assignee of structured settlement
payment rights, unless the transfer has been approved in advance in a final court
order based on express findings by the court that all of the following apply: 1. The transfer is in the best interest of the payee, taking into account the welfare
and support of the payee's dependents, if any; 2. 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
in writing the opportunity to seek and receive such advice; and 3. The transfer does not contravene any applicable statute or any applicable order
of any court or other governmental authority.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 42.385
What does Nevada Revised Statutes § 42.385 cover?
Section 42.385 ("Approval of transfers of structured settlement payment rights") 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 § 42.385?
A common citation format is "Nevada Revised Statutes § 42.385" (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 § 42.385 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.