Bill > H1861

This bill appears to be legislation related to third-party litigation financing, with a primary provision that the law will take effect 90 days after the Governor signs it. Importantly, the bill includes a grandfather clause that ensures any existing consumer or commercial litigation funding agreements made before the law's effective date will not be retroactively impacted or invalidated. Third-party litigation financing is a practice where external investors provide funding to plaintiffs in legal cases in exchange for a portion of any potential settlement or judgment. While the provided XML does not include the full details of the bill's substantive provisions, the implementation section suggests the legislature intends to create new regulations or transparency requirements around this type of legal financing, though the specific details are not present in this excerpt.

Justice

https://malegislature.gov/Bills/194/H1861