Senate Bill 1137, also known as House Bill 1339, proposes amendments to 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 submission of a prescribed form along with a filing fee of twenty dollars ($20.00).

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

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