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Can you summarize NJST 5:9-13?
Assignment of prizes drawn; procedure.
Short Summary
This legal document governs the assignment of prizes drawn in the New Jersey State Lottery. It specifies that the right to a prize drawn is generally not assignable, except under certain circumstances. The payment of a prize may be made to the estate of a deceased prize winner upon submission of the necessary documentation. Additionally, a person may be assigned and paid a prize if there is a judicial order from the New Jersey Superior Court or a federal court pertaining to claims of ownership, division of marital property, bankruptcy, child support, appointment of a guardian or conservator, or distribution of an estate. The judicial order must contain specific findings related to the parties involved, the prize amount, payment dates, and other relevant details. The document also outlines the requirements for providing material documents to the winner, the role of the State Lottery in approving assignments, and the ability to pledge or grant a security interest in a prize. The New Jersey consumer fraud act applies to all transactions under this section. The document further addresses the impact of certain rulings or decisions on the approval of assignments, the role of the State Lottery and the State in distributing payments, and the limitations on assignment and loan transactions. The document emphasizes the importance of independent legal counsel and tax advice for the winner and includes provisions related to cancellation rights and the State Lottery’s administrative fees. Overall, this document establishes the procedures and requirements for assigning and receiving prizes in the New Jersey State Lottery.
Whom does it apply to?
Persons who have won a prize in the New Jersey State Lottery
What does it govern?
Assignment of prizes drawn
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Jersey