Michigan Laws 257.1109 – Prerequisite to payments from fund; settlement of claim
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 257.1109
- Fund: means the motor vehicle accident claims fund. See Michigan Laws 257.1102
- Secretary: means the secretary of state acting as director of the fund. See Michigan Laws 257.1102
- 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.
The secretary shall not pay out of the fund any sum under section 7 until the judgment creditor assigns the judgment to him. The secretary may make settlement of a claim which is brought pursuant to section 13 and pay out of the fund any sum necessary to satisfy the settlement.