House Bill 467, sponsored by Reeves, amends Tennessee Code Annotated, Title 47, Chapter 16, which pertains to litigation financiers. The bill specifically modifies Section 47-16-103(c) by deleting the second sentence of the subsection and replacing it with new language that allows a litigation financier that is not a business entity or partnership to amend or withdraw its registration with the secretary of state. This process requires the filing of a prescribed form along with a fee of twenty dollars ($20.00).

The bill is designed to streamline the registration process for certain litigation financiers, making it easier for them to manage their registrations with the state. The act is set to take effect immediately upon becoming law, emphasizing the importance of the changes for public welfare.

Statutes affected:
Introduced: 47-16-103(c), 47-16-103