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SETTLEMENT CAPITAL v. STATE FARM AUTO. INS.

No. C5-01-2051.

646 N.W.2d 550 (2002)

SETTLEMENT CAPITAL CORPORATION, Appellant, Jody Lee Lundgren, Appellant, v. STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Respondent-below, Safeco Life Insurance Company, Respondent-below.

Court of Appeals of Minnesota.

July 2, 2002.

Attorney(s) appearing for the Case

John G. Westrick, Tammy L. Merkins, Westrick & McDowall-Nix, P.L.L.P., St. Paul, for appellant Lundgren.

Lawrence P. Zielke, Shapiro & Nordmeyer, LLP, Edina, for appellant Settlement Capital Corp.

Sean Simpson, Brian J. Slovut, Hinshaw & Culbertson, Minneapolis, for respondent State Farm Mut. Ins. Co.

Considered and decided by LANSING, Judge, ANDERSON, Judge, and PORITSKY, Judge.

OPINION

LANSING, Judge.

Jody Lundgren is the payee under a structured minor settlement. When she reached 21 years of age, Lundgren sought permission from the district court under Minn.Stat. § 549.31 (2000), to allow her to transfer some of her structured-settlement payment rights in exchange for a lump-sum payment from Settlement Capital Corporation. The district court denied her petition. Because the undisputed facts show that Lundgren did not receive...

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