Secretary of State - As introduced, allows a litigation financier that is not a business entity or partnership to withdraw its registration with the secretary of state by filing a form prescribed by the secretary of state, along with a filing fee of $20. - Amends TCA Title 47, Chapter 16.

SB 543 amends Tennessee law to allow litigation financiers who are not business entities or partnerships to withdraw their registration with the Secretary of State. To withdraw, these financiers must file a form prescribed by the Secretary of State and pay a $20 fee. The bill updates Tennessee Code Annotated, Title 47, Chapter 16, specifically changing the registration process for this category of financiers. This change directly affects individual or non-entity litigation financiers who previously lacked a clear withdrawal mechanism under existing rules.