Senate Bill No. introduced by T. McGillvray establishes the Montana Court of Chancery, aimed at enhancing the efficiency and quality of justice in business law, land use law, and constitutional law. The bill outlines the court's jurisdiction, which includes hearing cases related to the constitutionality of legislative enactments, land use permits, and various business-related disputes exceeding $80,000. It also provides for a removal process for actions brought in district court, allowing for transfer to the chancery court, and encourages the use of alternative dispute resolution methods such as arbitration and mediation.

The bill details the structure and administration of the chancery court, including the appointment of three judges by the governor, their qualifications, and the establishment of rules and procedures to ensure timely case resolution. Judges will receive a salary 20% higher than that of an associate justice of the Montana Supreme Court. The initial appointments will have staggered terms, with specific end dates for each judge. The bill also includes provisions for public comment on judge applications, the court's operational logistics, and a termination date for certain provisions in 2031. The effective date of the act is set for July 1, 2025.