IN HB1274 | 2011 | Regular Session
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-01-24 - Representative McMillin added as coauthor
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-01-24 - Representative McMillin added as coauthor
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Establishes a procedure by which a company may provide a nonrecourse loan to the plaintiff in an action in exchange for the contingent right to receive a part of the potential proceeds of the action. Provides that a violation of the conditions under which a loan may be offered to a plaintiff constitutes a deceptive act subject to enforcement by the attorney general.
Title
Nonrecourse loans and litigation.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-01-24 | Representative McMillin added as coauthor | |
| 2011-01-18 | Representative Steuerwald added as coauthor | |
| 2011-01-12 | First reading: referred to Committee on Judiciary | |
| 2011-01-12 | Authored by Representative Koch |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2011&session=1&request=getBill&doctype=HB&docno=1274 |
| Text | http://www.in.gov/legislative/bills/2011/IN/IN1274.1.html |
