Terms Used In Utah Code > Title 13 > Chapter 57 > Part 2 - Maintenance Funding Providers

• Business entity: means a sole proprietorship, partnership, limited partnership, limited liability company, corporation, or other entity or association used to carry on a business for profit. See Utah Code 13-57-102
• Dependent: A person dependent for support upon another.
• Director: means the director of personnel management. See Utah Code 17-33-2
• Director: means the director of the Division of Consumer Protection. See Utah Code 13-57-102
• Division: means the Division of Consumer Protection of the Department of Commerce established in Section 13-2-1. See Utah Code 13-57-102
• Health care provider: means the same as that term is defined in Section 78B-3-403. See Utah Code 13-57-102
• Individual: means a person who:

  (a)	resides in this state; and

  (b)

  has or may have a pending legal action in this state. See Utah Code 13-57-102 Legal funding: means a payment of $500,000 or less to an individual in exchange for the right to receive an amount out of the potential proceeds of any realized settlement, judgment, award, or verdict the individual may receive in a civil legal action. See Utah Code 13-57-102 Maintenance funding agreement: means an agreement between an individual and a maintenance funding provider under which the maintenance funding provider provides legal funding to the individual. See Utah Code 13-57-102 Maintenance funding provider: means a business entity that engages in the business of legal funding. See Utah Code 13-57-102 Merit system: means a system of personnel administration based on the principles set forth in Section 17-33-3. See Utah Code 17-33-2 Person: means :Utah Code 68-3-12.5 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. State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5