Okla. Stat. tit. 14A § 3-805

Current through Laws 2024, c. 453.
Section 3-805 - Form of agreement - Requirement of existing legal claim
A. A consumer litigation funding agreement shall:
1. Be in writing;
2. Contain the initials of the consumer on each page; and
3. Be otherwise complete when presented to the consumer for signature.
B. A consumer litigation funding agreement may be entered into only if the agreement relates to:
1. An existing legal claim that has been made by or on behalf of the consumer against another person, including the other person's insurer or the consumer's own insurer; or
2. An existing proceeding in which the consumer's legal claim is intended to be resolved and with regard to which the consumer is represented by an attorney.

Okla. Stat. tit. 14A, § 3-805

Added by Laws 2013 , c. 386, s. 5, eff. 11/1/2013.
Added by Laws 2013 , c. 99, s. 11, eff. 7/1/2013.