31-4-203: Prohibition on litigation funding by foreign adversaries or foreign persons of concern.

(1) A foreign adversary or a foreign person of concern may not engage in litigation financing in this state.

(2) A foreign adversary or a foreign person of concern may not, directly or indirectly, invest in, finance, fund, or loan money to a litigation financer engaged in litigation financing in this state.

(3) A litigation financer engaged in litigation financing in this state may not, directly or indirectly:

(a) become affiliated with or maintain an affiliation with a foreign adversary or a foreign person of concern;

(b) receive or accept money or funds from a foreign adversary or a foreign person of concern; or

(c) allow a foreign adversary or a foreign person of concern to invest in, maintain an ownership interest in, or exercise any control over the litigation financer.