Senate Bill 0097
DIGEST OF SB97 (Updated February 17, 2011 5:31 pm - DI 84)
Funding of lawsuits. Establishes a procedure by which a company may provide a loan to the plaintiff in an action in exchange for the contingent right to receive a part of the potential proceeds of the action. Provides that a violation of the conditions under which a loan may be offered to a plaintiff constitutes a deceptive act subject to enforcement by the attorney general.
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