An anti-assignment provision in a structured settlement agreement is valid and enforceable and precludes a proposed transfer of structured settlement payment rights, in a case where the annuity issuer and structured settlement obligor have asserted their rights under the provision.
That was the holding in an opinion issued last week by a panel of the Texas Court of Appeals.
The holding is consistent with appellate court rulings in state structured settlement protection act proceedings a number of other states, including California, Florida, Georgia, Illinois, and Kentucky.
The opinion, captioned In re Hughes, No. 04-15-00482-CV, 2016 Tex. App. LEXIS 8572 (Tex. Ct. App. Aug. 10, 2016), is available here.