Missouri HB3205 establishes regulations for funding civil actions, including restrictions on foreign funding and litigation funding agreements.

Missouri HB3205 introduces new sections to Chapter 436, defining terms and establishing regulations for litigation funding agreements. It prohibits foreign principals and their agents from engaging in litigation funding within the state. It also mandates that litigation funders have a fiduciary duty to the parties involved and be jointly liable for any costs or sanctions arising from the funded civil action. The bill outlines penalties for violations, including class E felony charges and voiding of agreements.

Missouri HB3205 establishes regulations for funding civil actions, including restrictions on foreign funding and litigation funding agreements.

Missouri HB3205 introduces new sections to Chapter 436, defining terms and establishing regulations for litigation funding agreements. It prohibits foreign principals and their agents from engaging in litigation funding within the state. It also mandates that litigation funders have a fiduciary duty to the parties involved and be jointly liable for any costs or sanctions arising from the funded civil action. The bill outlines penalties for violations, including class E felony charges and voiding of agreements.