“Payee” means a natural person who:
1. Is receiving tax-free payments under a structured settlement which resolved a settled claim; and
2. Proposes to make a transfer of the structured settlement payment rights.
NRS 42.250
“Payee” defined
Known as the Structured Settlement Protection Act
The act spans §§ 42–42 (47 sections).
(Added to NRS by 2021, 1720)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.