|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ROBERT L. EHRLICH, JR., Governor Ch. 174
(3) AT THE SAME TIME THE MONEY IS DEPOSITED AND THE
CERTIFICATES OF DEPOSIT ARE ISSUED FOR THE BENEFIT OF THE DEPOSITOR BY
OTHER BANKS OR SAVINGS AND LOAN ASSOCIATIONS, THE STATE FINANCIAL
INSTITUTION SELECTED BY THE DEPOSITOR RECEIVES AN AMOUNT OF DEPOSITS
FROM CUSTOMERS OF OTHER BANKS OR SAVINGS AND LOAN ASSOCIATIONS EQUAL
TO THE AMOUNT OF MONEY INITIALLY DEPOSITED BY THE DEPOSITOR;
(4) EACH CERTIFICATE OF DEPOSIT ISSUED FOR THE DEPOSITOR'S
ACCOUNT IS INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION FOR
100% OF THE PRINCIPAL AND ACCRUED INTEREST OF THE CERTIFICATE OF DEPOSIT;
AND
(5) THE STATE FINANCIAL INSTITUTION SELECTED BY THE DEPOSITOR
ACTS AS CUSTODIAN FOR THE DEPOSITOR WITH RESPECT TO THE CERTIFICATES OF
DEPOSIT ISSUED FOR THE DEPOSITOR'S ACCOUNT.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2005.
Approved April 26, 2005.
|
|
|
|
|
|
|
|
|
|
CHAPTER 174
(Senate Bill 781)
AN ACT concerning
Maryland Tort Claims Act - Structured Settlements
FOR the purpose of altering the definition of "structured settlement" in provisions of
law authorizing the State to enter into structured settlements; requiring a
certain investment company to be selected by the State and a claimant by mutual
agreement; and generally relating to structured settlements and claims under
the Maryland Tort Claims Act.
BY repealing and reenacting, with amendments,
Article - State Government
Section 12-107
Annotated Code of Maryland
(2004 Replacement Volume)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - State Government
12-107.
(a) A claim under this subtitle shall:
- 1101 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
