50-5-214 - Effect of modifications, amendments, or assignments of contracts.
50-5-214. Effect of modifications, amendments, or assignments of contracts.
(a) Modifications, amendments, or assignments of contracts previously approved by the court are deemed a new contract and require separate approval under this part.
(b) Notwithstanding subsection (a), this section does not require court approval if the employing company assigns its rights in the contract to a successor or affiliate entity.
[Acts 2003, ch. 168, § 1.]