Oklahoma § 12-3226.2 - Commercial litigation funder and commercial litigation
Full text of Oklahoma Oklahoma Statutes § 12-3226.2 — Commercial litigation funder and commercial litigation, with citation guidance and answers to common questions.
§ 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
Oklahoma Statutes - Title 12. Civil Procedure
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.
Added by Laws 2025, c. 257, § 3, eff. Nov. 1, 2025.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 12-3226.2
What does Oklahoma Statutes § 12-3226.2 cover?
Section 12-3226.2 ("Commercial litigation funder and commercial litigation") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 12-3226.2?
A common citation format is "Oklahoma Statutes § 12-3226.2" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 12-3226.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.