This bill introduces new requirements for parties involved in civil actions in South Dakota regarding the disclosure of third-party interests in potential payments contingent upon the outcome of the case. Specifically, it mandates that a party or their counsel must disclose in writing the identity of any person entitled to receive such payments and produce any related agreements for inspection within ten days of execution or at the time of filing the action, whichever is later. The definition of "person" is broadened to include various entities such as corporations, partnerships, and government entities.

Additionally, the bill outlines exceptions to these disclosure requirements, particularly for payments that are solely for the repayment of loans or reimbursement of attorney fees. It also establishes that parties must correct or supplement any disclosures if they become incomplete or incorrect, and clarifies that seeking this information through the discovery process remains permissible. Overall, the bill aims to enhance transparency in civil actions by ensuring that all parties are aware of any third-party financial interests that could influence the case.