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Senate Bill 0005


Senate Bill 0005

ARCHIVE (2012)

Latest Information

 

DIGEST OF INTRODUCED BILL


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.
    Current Status:
     In Committee - first House
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