(a) The superior court where the action giving rise to the structured settlement was maintained or could have been maintained or where the payee is domiciled has jurisdiction over an application for approval under Alaska Stat. § 09.60.200 of a transfer of structured settlement payment rights.
Terms Used In Alaska Statutes 09.60.210
action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(b) Not less than 30 days before the scheduled hearing on an application for authorization of a transfer of structured settlement payment rights under Alaska Stat. § 09.60.200, the transferee shall file with the court and serve on any other government authority that previously approved the structured settlement and all interested parties a notice of the proposed transfer and the application for its authorization. The notice must include
(1) a copy of the transferee’s application to the court;(2) a copy of the transfer agreement;(3) a copy of the disclosure statement required under Alaska Stat. § 09.60.200;(4) notification that an interested party is entitled to support, oppose, or otherwise respond to the transferee’s application, either in person or by counsel, by submitting written comments to the court or by participating in the hearing; and(5) 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 must be filed in order to be considered by the court.(c) Written responses to the application must be filed within 15 days after service of the transferee’s notice.
