Maryland Code, LABOR AND EMPLOYMENT 10-108

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Terms Used In Maryland Code, LABOR AND EMPLOYMENT 10-108

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
state: means :

(1) a state, possession, territory, or commonwealth of the United States; or

(2) the District of Columbia. See

(a) The State has no interest in the assets of the Fund.

(b) All revenues, money, and assets of the Fund belong solely to the Fund and are held by the Fund in trust for the policyholders, injured workers and their families, and creditors of the Fund.

(c) The State may not borrow, appropriate, or direct payments from the revenues, money, or assets of the Fund for any purpose.

(d) The Fund may not be dissolved.

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