Section 407.1064

Title XXVI TRADE AND COMMERCE

Chapter 407

Effective - 28 Aug 1999   

  407.1064.  Approval by court, notice. — 1.  An application pursuant to sections 407.1060 to 407.1068 for approval of a transfer of structured settlement payment rights may be brought in the circuit court in the county in which the payee is domiciled, or in any court which approved the structured settlement agreement.

  2.  Not less than twenty days prior to the scheduled hearing on any application for court approval of a transfer of structured settlement payment rights pursuant to section 407.1062, the transferee shall file with the court and serve on all interested parties a notice of the proposed transfer and the application for its approval, including in the notice:

  (1)  A copy of the transferee's application to the court;

  (2)  A copy of the disclosure statement required pursuant to subdivision (2) of section 407.1062; and

  (3)  Notification of the time and place of the hearing and notification of the manner in which and the time by which written responses to the application may be filed by interested parties, which shall be not less than ten days after service of the transferee's notice, in order to be considered by the court.

  3.  The provisions of sections 407.1060 to 407.1068 may not be waived.

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(L. 1999 S.B. 1, et al. § 5)