In re Keena

NELSON C. JOHNSON, J.S.C.

This matter arises under the Structured Settlement Act, N.J.S.A. 2A:16-63 (hereinafter the “Act”), particularly, N.J.S.A. 2A:16-66, which requires approval of sale or transfer by the court, and a judicial finding that the sale is in the payee’s best interest. Said section of the Act reads as follows:

Court or administrative approval of transfer. No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee of…