Tennessee § 47-16-102 Chapter definitions

Tennessee Statutes

§ 47-16-102 — Chapter definitions

Tennessee § 47-16-102

Title47

This text of Tennessee § 47-16-102 (Chapter definitions) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 47-16-102 (2026).

Text

As used in this chapter:

(1)"Consumer" means any natural person who resides, is present or is domiciled in this state, or who is or may become a plaintiff or complainant in a dispute in this state;

(2)"Litigation financier" means a person, entity or partnership engaged in the business of litigation financing; and (3) "Litigation financing" or "litigation financing transaction":

(A)Means a non-recourse transaction in which financing is provided to a consumer in return for a consumer assigning to the litigation financier a contingent right to receive an amount of the potential proceeds of the consumer's judgment, award, settlement or verdict obtained with respect to the consumer's legal claim; and (B) Does not include:

(i)Legal services provided on a contingency fee basis, or advanced le

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As used in this chapter: (1) "Consumer" means any natural person who resides, is present or is domiciled in this state, or who is or may become a plaintiff or complainant in a dispute in this state; (2) "Litigation financier" means a person, entity or partnership engaged in the business of litigation financing; and (3) "Litigation financing" or "litigation financing transaction": (A) Means a non-recourse transaction in which financing is provided to a consumer in return for a consumer assigning to the litigation financier a contingent right to receive an amount of the potential proceeds of the consumer's judgment, award, settlement or verdict obtained with respect to the consumer's legal claim; and (B) Does not include: (i) Legal services provided on a contingency fee basis, or advanced legal costs, where such services or costs are provided to or on behalf of a consumer by an attorney representing the consumer in the dispute and in accordance with the Tennessee Rules of Professional Conduct; (ii) A commercial tort claim as defined by § 47-9-102 ; or (iii) A claim under the Workers' Compensation Law, compiled in title 50, chapter 6.