The bill amends the Revised Judicature Act of 1961, specifically section 8031, to clarify the definitions and scope of business or commercial disputes that fall under the jurisdiction of the business court. It introduces new definitions for terms such as "business court," "business enterprise," and "business or commercial dispute," expanding the types of actions considered as business disputes. Notably, the bill includes actions involving nonprofit organizations and specifies various types of disputes, such as those related to organizational structure, governance, and finances of business enterprises, as well as commercial transactions and insurance policies.

Additionally, the bill outlines exclusions from the definition of business or commercial disputes, which include personal injury actions, product liability claims involving individuals, family court matters, and various other legal proceedings. A significant change is the deletion of the term "proceedings" in relation to enforcing judgments, replaced with a specification that only business court proceedings are included. The bill is set to take effect 90 days after being enacted into law.

Statutes affected:
House Introduced Bill: 600.8031