South Dakota § 21-3B-8 - Life-contingent payments not to be transferred--Exception.
Full text of South Dakota South Dakota Codified Laws § 21-3B-8 — Life-contingent payments not to be transferred--Exception., with citation guidance and answers to common questions.
§ 21-3B-8. Life-contingent payments not to be transferred--Exception.
No transfer of structured settlement payment rights may extend to any payments that are life-contingent unless, prior to the date on which the payee signs the transfer agreement, the transferee has established and has agreed to maintain procedures reasonably satisfactory to the annuity issuer and the structured settlement obligor for periodically confirming the payee's survival and giving the annuity issuer and the structured settlement obligor prompt written notice in the event of the payee's death.
Source: SL 2001, ch 106, § 8.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 21-3B-8
What does South Dakota Codified Laws § 21-3B-8 cover?
Section 21-3B-8 ("Life-contingent payments not to be transferred--Exception.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. 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 South Dakota § 21-3B-8?
A common citation format is "South Dakota Codified Laws § 21-3B-8" (South Dakota). 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 South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 21-3B-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota 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 South Dakota.