Massachusetts General Laws ch. 231C sec. 3 – Waiver of Secs. 2 to 4; payee penalty for failure to transfer
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Section 3. (a) The provisions of sections 2 to 4, inclusive, shall not be waived.
Terms Used In Massachusetts General Laws ch. 231C sec. 3
- 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) No payee who proposes to make a transfer of structured settlement payment rights shall incur a penalty, forfeit an application fee or other payment, or otherwise incur any liability to the proposed transferee based on the failure of the transfer to satisfy the conditions of section 2.