Arizona § 12-3453 Prohibited conduct; applicability

Arizona Statutes

§ 12-3453 — Prohibited conduct; applicability

Arizona § 12-3453

Title 12Arizona Revised Statutes

Ch. 28LITIGATION FINANCING

Art. 1General Provisions

This text of Arizona § 12-3453 (Prohibited conduct; applicability) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 12-3453 (2026).

Text

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 mult

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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.