31-4-205. Limitations on foreign litigation funding.
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/mt/title-31/chapter-4/part-2/31-4-205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31-4-205 . Limitations on foreign litigation funding.
(1)A foreign person is prohibited from engaging in the activities set forth in subsection
(2)if the foreign person directly or indirectly:
(a)engages in litigation financing;
(b)becomes affiliated with or maintains an affiliation with a litigation financer;
(c)finances, funds, or loans money to a litigation financer; or
(d)invests in, maintains an ownership interest in, or exercises any control over a litigation financer.
(2)A foreign person that engages in the activities set forth in subsection
(1)may not:
(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 foreign person.