LIABILITY: Provides for sale of litigious rights. (8/1/24)

SB 35 allows individuals to sell their legal rights to sue for personal injury or property damage in exchange for a lump sum payment. This change directly affects people who have been injured or whose property has been damaged, enabling them to monetize their potential lawsuit claims. The bill removes specific language regarding debt instruments to clarify that these financial transactions apply broadly to litigious rights. By permitting the sale of these rights, the legislation creates a new mechanism for resolving legal disputes through financial compensation rather than traditional court proceedings.