Nevada § 42.390 - Effects of transfer of structured settlement payment rights
Full text of Nevada Nevada Revised Statutes § 42.390 — Effects of transfer of structured settlement payment rights, with citation guidance and answers to common questions.
§ 42.390. Effects of transfer of structured settlement payment rights
Following a transfer of structured settlement payment rights: 1. The structured settlement obligor and the annuity issuer may rely on the transfer
order in redirecting periodic payments to an assignee or transferee in accordance
with the transfer order and is, as to all parties except the transferee or an assignee
designated by the transferee, discharged and released from any and all liability for
the redirected payments. The discharge and release is not affected by the failure of any party to the transfer
to comply with NRS 42.200 to 42.400 , inclusive, or with the transfer order. 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 taxes
incurred by the structured settlement obligor or annuity issuer as a consequence of
the transfer; and (b) For any other liabilities or costs, including reasonable costs and attorney's
fees, arising from: (1) Compliance by the structured settlement obligor or annuity issuer with the transfer
order; or (2) The failure of any party to the transfer to comply with NRS 42.200 to 42.400 , inclusive. 3. The structured settlement obligor and the annuity issuer are not required to divide
any periodic payment between the payee and any transferee or assignee or between two
or more transferees or assignees. 4. Any further transfer of structured settlement payment rights by the payee may be
made only after compliance with all of the requirements of NRS 42.200 to 42.400 , inclusive.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 42.390
What does Nevada Revised Statutes § 42.390 cover?
Section 42.390 ("Effects of transfer 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 § 42.390?
A common citation format is "Nevada Revised Statutes § 42.390" (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 § 42.390 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.