North Carolina § 1-394 - 1. Special proceedings to determine authority to transfer structured settlement payment rights.

§ 1-394. 1. Special proceedings to determine authority to transfer structured settlement payment rights.

When a special proceeding is commenced to obtain authorization for the transfer of structured settlement payment rights pursuant to Article 44B of this Chapter, the provisions of this Article apply except that the interested parties shall have 30 days to appear and answer the petition, and all hearings on such petitions must be conducted before a superior court judge and all final orders on such petitions must be entered by a superior court judge. History (1999-367, s. 2.) Editor's Note. - Session Laws 1999-367, s. 3, made this section effective October 1, 1999, and applicable to any transfer of structured settlement payment rights under a transfer agreement entered into on or after that date, provided that this act shall not apply to any transfer of structured settlement payment rights under a structured settlement agreement entered into or effective prior to that date where the transfer does not contravene the terms of the structured settlement. Further, s. 3 states that nothing contained herein shall imply that any transfer under a transfer agreement reached prior to October 1, 1999, is effective.