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§ 8-110. Claims due at future time

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 8. Claims of Creditors (Refs & Annos)
Subtitle 1. General (Refs & Annos)
Effective: October 1, 2019
MD Code, Estates and Trusts, § 8-110
§ 8-110. Claims due at future time
In general
(a) On proof of an unsecured claim that will become due at some future time, and that has not been compromised pursuant to § 7-401 of this article or authority conferred by the will, the court shall direct the investment of an amount that will provide for the payment of the claim when it becomes due.
Rights of creditor
(b) When a creditor holds a security for an allowable claim due at some future time the creditor may rely on the creditor's rights under § 8-111 of this subtitle or may file a claim as an unsecured claim not yet due, with the right of withdrawing the claim before the taking of action on it, and rely on the creditor's rights as provided in § 8-111 of this subtitle after the withdrawal.

Credits

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 93, § 8-110.
MD Code, Estates and Trusts, § 8-110, MD EST & TRST § 8-110
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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