Maryland Code, COURTS AND JUDICIAL PROCEEDINGS 5-1107
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Terms Used In Maryland Code, COURTS AND JUDICIAL PROCEEDINGS 5-1107
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
A person may not file a petition for a transfer of structured settlement payment rights under this subtitle unless the person:
(1) Is registered with the Attorney General as a structured settlement transferee; or
(2) Has a pending application for registration, and the Attorney General has not acted on the application within the time specified in this subtitle.