Montana legislation · 2025 Regular Session
Montana SB511: Generally revising laws related to litigation financing
Status: Signed into law, May 8, 2025
What the bill says
An act generally revising laws relating to litigation financing; amending the litigation financing transparency and consumer protection act; creating the foreign investment in litigation financing act; providing a prohibition on litigation funding by certain foreign entities; providing for registration and transparency of foreign persons; amending definitions; amending sections 31-4-102, 31-4-104, 31-4-108, 314-118, and 31-4-120, mca; and providing an immediate effective date and an applicability date.
From the engrossed text:
AN ACT GENERALLY REVISING LAWS RELATING TO LITIGATION FINANCING; AMENDING THE LITIGATION FINANCING TRANSPARENCY AND CONSUMER PROTECTION ACT; CREATING THE FOREIGN INVESTMENT IN LITIGATION FINANCING ACT; PROVIDING A PROHIBITION ON LITIGATION FUNDING BY CERTAIN FOREIGN ENTITIES; PROVIDING FOR REGISTRATION AND TRANSPARENCY OF FOREIGN PERSONS; AMENDING DEFINITIONS; AMENDING SECTIONS 31-4-102, 31-4-104, 31-4-108, 314-118, AND 31-4-120, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND AN APPLICABILITY DATE. Section 1. Section 31-4-102, MCA, is amended to read: "31-4-102. Definitions. For the purposes of this part, the following definitions apply: (1) "Consumer" means any individual who resides, is present, or is domiciled in this state or person who is or may become a plaintiff, claimant, or complainant in conjunction with or in pursuit of a legal claim a civil action or an administrative proceeding or in pursuit of any claim or cause of action in this state. (2) "Entity" means any domestic or foreign corporation, partnership, limited partnership, limited liability company, trust, fund, plan, or any other business, enterprise, association, or organization of any kind or nature. (3) "Legal claim" means a civil action, administrative proceeding, claim, or cause of action to recover damages or any form of monetary or injunctive relief in this state. (3)(4) "Legal representative" means any an attorney, or group of attorneys, or law firm or group of law firms …
Sponsors
- Hertz, Greg (R, 7) · primary sponsor
- Sprunger, Courtenay (R, 7)
Latest actions
- : Chapter Number Assigned
- : (S) Signed by Governor
- : (S) Transmitted to Governor
- : (H) Signed by Speaker
- : (S) Signed by President
- : (S) Returned from Enrolling
- : (S) Sent to Enrolling
- : (H) 3rd Reading
- : (H) Scheduled for 3rd Reading
- : (H) 2nd Reading
Votes
- Do Concur (April 11, 2025): 84 yea, 15 nay, passed
- Do Concur (April 11, 2025): 77 yea, 22 nay, passed
- Do Pass (March 6, 2025): 34 yea, 15 nay, passed
- Do Pass (March 6, 2025): 42 yea, 7 nay, passed
Subjects: Corporations
Common questions
- What is SB511?
- SB511 is a bill in the Montana Legislature (2025 Regular Session): Generally revising laws related to litigation financing.
- What does SB511 do?
- In its own words: An act generally revising laws relating to litigation financing; amending the litigation financing transparency and consumer protection act; creating the foreign investment in litigation financing act; providing a prohibition on litigation funding by certain foreign entities; providing for registration and transparency of foreign persons; amending definitions; amending sections 31-4-102, 31-4-104, 31-4-108, 314-118, and 31-4-120, mca; and providing an immediate effective date and an applicability date.
- What is the status of SB511?
- Signed into law as of May 8, 2025. Latest action: Chapter Number Assigned (May 8, 2025).
- Who sponsored SB511?
- Hertz, Greg (R, 7), with 1 co-sponsor.
- Where is the official record for SB511?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC2979
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.