Tennessee Senate Bill SB0543

Tennessee 2025-2026 Regular Session

• Introduced: 1/30/25

Caption

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

Summary

SB0543 makes a narrow change to Tennessee’s litigation financier registration law in Title 47, Chapter 16. It revises Tennessee Code Annotated § 47-16-103(c) to specify that 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 prescribed form and paying a $20 filing fee. The bill replaces the existing second sentence of that subsection with this new language. In practical terms, the bill clarifies the administrative process for individual litigation financiers or other non-entity registrants who need to update or cancel their registration. It does not appear to change the broader regulatory framework for litigation financing, but it does standardize the procedure and fee for amendments or withdrawals of registration. The act takes effect immediately upon becoming law.

Impact

The bill amends Tennessee’s litigation finance registration statute by updating the rules governing how certain registrants may amend or withdraw their registration with the secretary of state. It affects litigation financiers who are not organized as business entities or partnerships, and it confirms a $20 filing fee for those registration changes. The measure has a limited statutory impact, focused on administrative compliance rather than substantive regulation of litigation financing practices.

Sentiment

Based on the bill text and the absence of committee transcripts or recorded votes, there is no documented debate or opposition in the provided materials. The measure appears technical and administrative in nature, suggesting a generally neutral or routine legislative posture rather than a controversial policy fight.

Contention

No specific points of contention are reflected in the provided record. Because there are no committee transcripts or votes included, it is not possible to identify supporters, opponents, or disputed policy issues from the available materials. Any potential concern would likely center on the regulation of litigation financing and the administrative burden or fee associated with registration changes, but that is not evidenced in the supplied context.