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Searching 2019-2020 Session

The Vermont Statutes Online

 

Title 9 : Commerce and Trade

Chapter 063 : CONSUMER PROTECTION

Subchapter 005 : TRANSFERS OF STRUCTURED SETTLEMENTS

(Cite as: 9 V.S.A. § 2480aa)
  • § 2480aa. Legislative intent; public policy

    Structured settlement agreements, which provide for payments to a person over a period of time, are often used in the settlement of actions such as personal injury or medical claims and serve a number of valid purposes, including protection of persons from economic victimization and ensuring a person's ability to provide for his or her future needs and obligations. It is the policy of this State that such agreements, which have often been approved by a court, should not be set aside lightly or without good reason. (Added 2011, No. 168 (Adj. Sess.), § 1.)