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OK SB625
Bill
Status
3/25/2025
Primary Sponsor
Brent Howard
Click for details
AI Summary
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Requires parties in civil litigation to produce commercial litigation funding agreements upon request, where a third-party funder receives compensation contingent on case proceeds from settlement or judgment
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Mandates sworn affidavit certification disclosing whether funding originates from a foreign state or agency as defined under 28 U.S.C. Section 1603, with the foreign source identity required if applicable
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Requires additional certification identifying whether a party is controlled by a foreign adversary (nations listed in 10 U.S.C. Section 4872(d)(2)) and whether such entities will access non-public litigation documents
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Exempts consumer litigation funding agreements (as defined in Title 14A, Section 3-801) from disclosure requirements
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Information from disclosed commercial litigation funding agreements is not admissible as evidence at trial; effective date November 1, 2025
Legislative Description
Oklahoma Discovery Code; requiring production of commercial litigation funding agreement upon request; prohibiting admissibility of certain information as evidence. Effective date.
Last Action
Referred to Civil Judiciary
4/1/2025