Business and Commerce - As introduced, increases, from 30 to 35 days, the time that a litigation financier has to amend its registration with the secretary of state whenever the information contained in the registration changes or becomes inaccurate or incomplete. - Amends TCA Title 47.

Summary

The bill changes Tennessee law so that companies that provide litigation financing have five extra days to correct or update their registration with the secretary of state when information changes or is inaccurate. This gives financiers a slightly longer window to stay compliant, and the change is reflected in Title 47 of the Tennessee Code. The measure has been signed into law.

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