New Jersey § 2a:16-66
Full text of New Jersey New Jersey Statutes § 2a:16-66, with citation guidance and answers to common questions.
§ 2a:16-66.
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 the court
or responsible administrative authority that: a. the transfer is in the best interest of the payee, taking into account the welfare
and support of the payee's dependents; b. the payee has been advised in writing by the transferee to seek independent professional
advice regarding the transfer and has either received the advice or knowingly waived
the right to seek that advice in writing; and c. the transfer does not contravene any applicable statute or the order of any court
or other government authority.
Frequently Asked Questions About New Jersey § 2a:16-66
What does New Jersey Statutes § 2a:16-66 cover?
Section 2a:16-66 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 2a:16-66?
A common citation format is "New Jersey Statutes § 2a:16-66" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 2a:16-66 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.