Okla. Stat. tit. 12, § 12-3226.2: Commercial litigation funder and commercial litigation

funding agreement defined.

As used in the Oklahoma Discovery Code:

1. "Commercial litigation funder" means any person or entity,

other than an attorney permitted to charge a contingent fee for

representing a party, that enters into a contract establishing a

right to receive compensation that is contingent on and sourced from

any proceeds of the civil action by settlement, judgment, or

otherwise. Commercial litigation funder shall not include a

consumer litigation funder as defined in Section 3-801 of Title 14A

of the Oklahoma Statutes; and

2. "Commercial litigation funding agreement" means an agreement

under which the commercial litigation funder is granted a right to

receive compensation contingent on and sourced from any proceeds of

a civil action by settlement, judgment, or otherwise. A commercial

litigation funding agreement shall not include:

a. legal representation services provided on a

contingency fee basis or legal costs advanced by a

legal representative where such services or costs are

provided to or on behalf of a client by an attorney

representing the party in the dispute and in

accordance with the Oklahoma Rules of Professional

Conduct,

b. an agreement entered into between an attorney or law

firm and a commercial litigation funder or any other

entity. Sharing of fees by an attorney or law firm

shall be in accordance with the Oklahoma Rules of

Professional Conduct including but not limited to

Rules 1.5 and 5.4 of Appendix 3-A of Title 5 of the

Oklahoma Statutes, or

c. a consumer litigation funding agreement as defined in

Section 3-801 of Title 14A of the Oklahoma Statutes.