Montana Statutes
§ 31-4-112 — Class Actions
Montana·Title 31 CREDIT TRANSACTIONS AND RELATIONSHIPS·Ch. 4 LITIGATION FINANCING·Part 1 Litigation Financing Transparency andConsumer Protection Act
31-4-112 . Class actions. This part applies to any civil action filed or certified as a class action in which litigation financing is provided. A litigation financer owes a fiduciary duty to all class members or intended beneficiaries of a certified class and shall act in a manner consistent with the litigation financer's fiduciary duty throughout the civil action. In addition to the disclosure requirements set forth in this part, the legal representative of the putative class shall disclose to all parties, putative class members, and the court any legal, financial, or other relationship between the legal representative and the litigation financer. A class member is entitled to receive from the class counsel a true and correct copy of the litigation financing contract on request.
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Legislative History
En. Sec. 8, Ch. 360, L. 2023.
Nearby Sections
15
§ 31-4-101
Short Title§ 31-4-102
Definitions§ 31-4-103
Registration§ 31-4-104
Litigation Financing Protections§ 31-4-105
And 31-4-106 Reserved§ 31-4-109
Through 31-4-111 Reserved§ 31-4-112
Class Actions§ 31-4-113
Through 31-4-117 Reserved§ 31-4-118
Exemptions§ 31-4-119
Act Violation -- Unenforceable Contract§ 31-4-120
Joint And Several Liability For Costs§ 31-4-121
Through 31-4-124 Reserved§ 31-4-125
Regulatory Oversight -- Rulemaking