Secretary of State

Plain English Breakdown

The bill was withdrawn, so its current status is inactive.

Litigation Financier Registration Changes

This bill allows non-business entities and partnerships that are litigation financiers to withdraw their registration with the Tennessee Secretary of State by filing a specific form and paying a $20 fee.

What This Bill Does

• Allows non-business entities and partnerships that are litigation financiers to withdraw their registration from the Secretary of State by filing a prescribed form.
• Requires these entities to pay a filing fee of $20 when withdrawing their registration.

Who It Names or Affects

• Litigation financiers that are not business entities or partnerships in Tennessee.

Terms To Know

litigation financier

A company or individual who provides financial support to people involved in lawsuits.

Limits and Unknowns

• The bill was withdrawn on February 6, 2025, so it is no longer active.
• It does not specify what happens if the filing fee is not paid when withdrawing registration.

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

SENATE BILL 543
By Stevens

HOUSE BILL 467
By Reeves

HB0467
000680
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 47,
Chapter 16, relative to litigation financiers.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 47-16-103(c), is amended by
deleting the second sentence of the subsection and substituting:
A litigation financier that is not a business entity or partnership may amend or
withdraw its registration with the secretary of state by filing a form prescribed by
the secretary of state, along with a filing fee of twenty dollars ($20.00).
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.