Bill
Bill > HB1339
TN HB1339
TN HB1339AN ACT to amend Tennessee Code Annotated, Title 47, Chapter 16, relative to relative to litigation financiers.
summary
Introduced
02/06/2025
02/06/2025
In Committee
04/08/2025
04/08/2025
Crossed Over
Passed
04/29/2025
04/29/2025
Dead
Signed/Enacted/Adopted
04/29/2025
04/29/2025
Introduced Session
114th General Assembly
Bill Summary
As enacted, allows a litigation financier that is not a business entity or partnership to amend or withdraw its registration with the secretary of state by filing a form prescribed by the secretary of state, along with a filing fee of $20. - Amends TCA Title 47, Chapter 16.
AI Summary
This bill amends Tennessee's existing law regarding litigation financiers, which are companies or individuals that provide funding to plaintiffs in legal cases in exchange for a portion of the potential settlement or judgment. Specifically, the bill modifies the registration process for litigation financiers that are not business entities or partnerships by allowing them to amend or withdraw their registration with the Tennessee Secretary of State by filing a prescribed form and paying a $20 filing fee. The change provides a streamlined mechanism for individual litigation financiers to update or cancel their official registration, making the administrative process more flexible and straightforward. The bill will take effect immediately upon becoming law, as determined by the Tennessee General Assembly, with the stated purpose of serving the public welfare.
Committee Categories
Government Affairs
Sponsors (4)
Last Action
Comp. became Pub. Ch. 271 (on 04/29/2025)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1339&ga=114 |
| BillText | https://publications.tnsosfiles.com/acts/114/pub/pc0271.pdf |
| Fiscal Note - SB1137 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB1137.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB1339.pdf |
Loading...