Vermont § 2480ee - Effects of transfer of structured settlement payment rights Following a transfer of structured settlement payment rights under this subchapter:
Full text of Vermont Vermont Statutes Online § 2480ee — Effects of transfer of structured settlement payment rights Following a transfer of structured settlement payment rights under this subchapter:, with citation guidance and answers to common questions.
§ 2480ee. Effects of transfer of structured settlement payment rights Following a transfer of structured settlement payment rights under this subchapter:
- (1) the structured settlement obligor and the annuity issuer shall, as to all parties
except the transferee, be discharged and released from any and all liability for the
transferred payments; (2) the transferee shall be 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 such parties as a consequence of the transfer; and (B) for any other liabilities or costs, including reasonable costs and attorney’s fees,
arising from compliance by such parties with the order of the court or arising as
a consequence of the transferee’s failure to comply with this subchapter; (3) neither the annuity issuer nor the structured settlement obligor may be required to
divide any periodic payment between the payee and any transferee or assignee or between
two or more transferees or assignees; and (4) any further transfer of structured settlement payment rights by the payee may be made
only after compliance with all of the requirements of this subchapter. (Added 2011, No. 168 (Adj
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 2480ee
What does Vermont Statutes Online § 2480ee cover?
Section 2480ee ("Effects of transfer of structured settlement payment rights Following a transfer of structured settlement payment rights under this subchapter:") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 2480ee?
A common citation format is "Vermont Statutes Online § 2480ee" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 2480ee apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.