Loading chat...
MS HB1260
Bill
Status
3/4/2025
Primary Sponsor
Jody Steverson
Click for details
AI Summary
-
Requires foreign third-party litigation funders to disclose in writing to the Mississippi Attorney General the name, address, and country of incorporation of any foreign entity with a right to receive or obligation to make payments contingent on civil action outcomes.
-
Mandates disclosure of any foreign entity that receives or is entitled to receive proprietary information or national security-related information obtained through the funding agreement.
-
Requires foreign third-party litigation funders to produce copies of any funding agreements creating contingent payment rights to the Attorney General.
-
Establishes a 30-day disclosure deadline from either the date the funding agreement is executed or the civil action is filed, whichever occurs first; applies a 30-day deadline from service for agreements entered after the civil action is filed.
-
Takes effect July 1, 2025, and stands repealed June 30, 2025 (one-year sunset provision).
Legislative Description
Foreign Third-Party Litigation Funders; require disclosure to the Attorney General.
Last Action
Died In Committee
3/4/2025