Generally revising laws related to litigation financing

This bill updates Montana laws governing litigation financing by clarifying definitions and establishing new rules for transparency and foreign investment. It directly affects individuals seeking legal funding, law firms, and companies that provide financial support for legal claims in exchange for a share of potential recovery. Key provisions include creating a new Foreign Investment in Litigation Financing Act to prohibit certain foreign entities from funding lawsuits, requiring registration and disclosure for foreign persons involved in litigation financing, and refining definitions of who qualifies as a consumer, legal representative, and litigation financer. The legislation also amends existing sections of the Montana Code Annotated to ensure clearer regulatory oversight of these financial arrangements.