Missouri SB881 regulates foreign funding and litigation funding agreements in civil actions.
Missouri SB881 establishes provisions for the funding of legal actions, prohibiting foreign principals from engaging in litigation funding within the state. It also bans foreign principals from investing in, financing, or funding litigation funders in Missouri. The bill outlines fiduciary duties for litigation funders and voids agreements that violate its provisions. Violations are subject to penalties and legal actions by the attorney general.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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