California State Lottery: prize assignment.

Summary

SB 1434 amends the California Government Code so a lottery prizewinner can transfer the right to receive prize payments to a revocable trust, a court‑appointed conservator or guardian, or a lender using the prize as loan collateral. The bill sets filing, notice, and payment‑handling requirements and adds safeguards to protect the winner’s rights. It gives winners more flexibility for estate planning and borrowing while ensuring oversight.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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