Texas Lottery Winners Can Now Sell Last 2 Lottery Prize Payments

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<h1>Texas Lottery Winners Can Now Sell Last 2 Lottery Prize Payments</h1><strong> Author: <a href='http://www.articleseen.com/profile_Strategic Capital.aspx'>Strategic Capital</a></strong><br /><p>On October 1, 2010, the Texas Supreme Court overturned a state law that prevented lottery winners from selling their final two Texas lottery prize payments in exchange for a lump sum. The court's unanimous decision delivered Friday, October 1st, 2010 by Justice Phil Johnson, successfully struck down struck down part of the 1999 amendments to the Texas Lottery Act. Under 1999 amendments, prize winners were allowed to sell and assign their Texas lottery prize payments to others except that the law did not allow them to sell the last two prize payments. This decision came out of a case that was started by a Texas Lottery prize winner who wanted to assign his final two annual installment prize payments as part of a financial arrangement by which he was to pay a bank debt. The Texas Lottery Commission refused to recognize the assignment because the Lottery Act, in direct conflict with the Texas Uniform Commercial Code (UCC), prohibits the sale and assignment of a winner’s last two lottery prize payments. The Supreme Court ruled that the UCC in Texas allows the sale of any lottery prize payments and that it takes precedence over the Texas Lottery Act. Therefore, sections 466.406 and 466.410 of the Texas Lottery Act are overruled to the extent they restrict or prohibit the prize winner's ability to assign any payments. If you are interested in considering the sale of the last two payments of your Texas lottery prize, or any of your prize payments please call us at 1-866-256-0088 and one of our experts would be pleased to discuss your options with you. Strategic Capital can even provide you with a cash advance of $10,000 or more, depending on your transaction! We buy lottery prize payments in every state that allows that sale of prize payments. If you have won the lottery, you could sell all or part of your future lottery payment for lump sum cash today and use your lump sum cash to pay off your debts, buy a house, pay for education costs, or do all three! (Or even buy that vintage corvette you always wanted!) Strategic Capital has been in business since 1994. And we have bought over $1.5 billion in future payments. Call us at 1-866-256-0088 to speak to one of our experts. To find out how much lump sum cash you can get for your lottery prize payments, or to ask about our CASH ADVANCES, please call us at 1-866-256-0088 and speak to one of our experts. </p><strong>About the Author:</strong><br />Strategic Capital Corporation purchases structured settlements, lottery winnings, annuities, casino winnings and other future payments in exchange for a lump sum. Strategic Capital Corporation is a market leader and since 1994 has bought over $1.5 billion in future payments. http://www.strategiccapital.com <p> Article Source: <a href='http://www.articleseen.com/Article_Texas-Lottery-Winners-Can-Now-Sell-Last-2-Lottery-Prize-Payments_39870.aspx'> http://www.articleseen.com/Article_Texas Lottery Winners Can Now Sell Last 2 Lottery Prize Payments_39870.aspx</a></p>

Article Source : http://www.articleseen.com/Article_Texas Lottery Winners Can Now Sell Last 2 Lottery Prize Payments_39870.aspx

Keywords : sell lottery payments, Texas Lottery, Texas Supreme Court, Texas lottery final two payments, Texas lottery winning numbers, T,

Category : Finance : Finance