Changes to Existing Law
HB1142 — Provide for the disclosure of any third party that has a right to receive a payment contingent upon the outcome of a civil action.
1 section modified+1165-0
View:
§ 15-6
New Section+1165
NEW SECTION added to Chapter 15-6
Except as provided in section of this Act, in any civil action, a party or the party's counsel of record shall: (1) Disclose in writing to the court and all other named parties to the civil action the identity of any person, other than the counsel of record, that has the right to receive any payment or thing of value that is contingent upon the outcome of the civil action, or a group of actions of which the civil action is a part; and (2) Produce to the court and all other named parties to the civil action, for inspection and copying, any agreement creating a contingent right as described in subdivision (1), including any ancillary agreement or document, except as otherwise stipulated or ordered by the court. Disclosure and production under this section must be made within ten days of the execution of any agreement described in subdivision (2), or at the time of the filing of the action before the court, whichever is later. For purposes of this section, "person" includes associations, cooperative corporations, corporations, domestic government entities, foreign government entities, limited liability companies, natural persons, and partnerships. 20