The Arizona Revised Statutes have been updated to include the revised sections from the 57th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 57th Legislature, 2nd Regular Session, which convenes in January 2026.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. A litigation financier may not pay or offer to pay a commission, referral fee or other consideration to legal counsel, a law firm or a licensed health care provider, for referring a person to the litigation financier without disclosing in writing to the potential borrower. The disclosure must be made before entering into the litigation financing agreement and must be separately acknowledged and agreed to by the potential borrower, including the amount of the commission, referral fee or other consideration to be paid for the referral on behalf of the borrower.
B. A litigation financier may not provide funding to or in connection with a litigation financing agreement that is directly or indirectly financed by a foreign entity of concern.
C. This section applies to class actions and multidistrict litigation. The acknowledgment required by subsection A of this section shall be made by the class representative or the named plaintiffs.