Legal funding definition

Legal funding means a transaction in which a company makes a cash payment to a consumer in exchange for the right to receive an amount out of the potential proceeds of any realized settlement, judgment, award or verdict the consumer may receive in a civil claim or action. If no proceeds in the civil claim or action are received, the consumer is not required to pay the company.
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.
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, judgement, award, or verdict the individual may receive in a civil legal action." Utah Code § 13-57-102(6). 2 "'Individual' means a person who: (a) resides in this state; and (b) has or may have a pending legal action in this state." Utah Code § 13-57- 102(5).

Examples of Legal funding in a sentence

  • Péloquin (2002) has attempted to describe them for the benefit of his colleagues in the Privy Council Office, the Canadian department responsible for intergovernmental relations.

  • Stakeholder expectations and local community needsProject-specific stakeholder expectations and local community needs drive tri-sector partner- ships in a number of key ways:t Contributing to local community developmentt Legal funding frameworkst Integrating local communities and the local workforce with the core business processt Responding to the demands and expectations of NGOs and other special-interest groups.

  • This article does not apply to an advance made by a consumer's attorney to pay for expenses related to preparation for trial.2. Legal funding that is made pursuant to this article is not a consumer credit transaction as defined in section 1-301, subsection 12.3. An advance made to a consumer other than pursuant to the terms of this article is a supervised loan as defined in section 1-301, subsection 40.§ 12-104.

  • PVRHS Legal funding is to cover legal and consulting fees for the efforts to maintain the Pascack Valley Regional High School system which is being challenged by Woodcliff Lake and Montvale.

  • Possible future use of the Entergy Site and / or economic development of the site and property surrounding it.Keep note that any future spending from this account would require a 2/3rds vote of town meeting.The recommendation currently is to transfer $250,000 from Free Cash and $171,941.17 from Article 10 2014 FATM, Appraisal and Legal funding for the Entergy PILOT to the Nuclear Plant Mitigation Stabilization Fund.


More Definitions of Legal funding

Legal funding means a payment to an individual in exchange for the right to
Legal funding means any amounts loaned to a person involved in a legal action where the person assigns to the legal funding provider the contingent right to receive a part of the proceeds of a settlement, insurance payment, or award of damages obtained in the person’s legal action;
Legal funding means a payment Ŝº of $500,000 or less »Ŝ to an individual in 96a exchange for the right to
Legal funding means a transaction in which a company makes
Legal funding means a payment of $500,000 or less to an individual in exchange
Legal funding means a payment to {a consumer}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 {consumer}individual may receive in a civil legal action.
Legal funding means a transaction in which a company makes a cash payment to