Section 5-1705. Procedure for approval of transfers

(a) An action for
  approval of a transfer of a structured settlement shall be by a  special
  proceeding.
    (b)  Such  proceeding  shall  be  commenced  to  obtain  approval of a
  transfer of structured settlement payment rights. Such proceeding  shall
  be commenced:
    (i) in the supreme court of the county in which the payee resides; or
    (ii) in any court which approved the structured settlement agreement.
    (c)  A  copy  of  the notice of petition and petition or order to show
  cause and petition shall be served upon all interested parties at  least
  twenty  days  before  the  time  at  which the petition is noticed to be
  heard. A response shall  be  served  at  least  seven  days  before  the
  petition is noticed to be heard.
    (d)  A  petition  for  approval of a transfer of structured settlement
  payment rights shall include:
    (i) a copy of the transfer agreement;
    (ii) a copy of the disclosure statement and proof of  notice  of  that
  statement required under section 5-1703 of this title; and
    (iii)  a listing of each of the payee's dependents, together with each
  dependent's age.