31-4-203. Prohibition on litigation funding by foreign adversaries or foreign persons of concern.
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/mt/title-31/chapter-4/part-2/31-4-203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31-4-203 . Prohibition on litigation funding by foreign adversaries or foreign persons of concern.
(1)A foreign adversary or a foreign person of concern may not engage in litigation financing in this state.
(2)A foreign adversary or a foreign person of concern may not, directly or indirectly, invest in, finance, fund, or loan money to a litigation financer engaged in litigation financing in this state.
(3)A litigation financer engaged in litigation financing in this state may not, directly or indirectly:
(a)become affiliated with or maintain an affiliation with a foreign adversary or a foreign person of concern;
(b)receive or accept money or funds from a foreign adversary or a foreign person of concern; or
(c)allow a foreign adversary or a foreign person of concern to invest in, maintain an ownership interest in, or exercise any control over the litigation financer.