7-10-7. Application of chapter.

The provisions of this chapter shall not apply to:

A nonprofit entity that provides litigation financing, directly or indirectly, for the benefit of such nonprofit entity or one or more of its members without receiving, in consideration for the litigation financing:#

1. (A)

   The payment of interest, fees, or other consideration; or#

2. (B)

   Except for in-house counsel of such nonprofit entity, any right to recovery or payment from the amount of any judgment, award, settlement, verdict, or other form of monetary relief obtained in the civil action, administrative proceeding, legal claim, or other legal proceeding;#

Any litigation financing provided by an entity engaged in commerce or business activity; provided, however, that this exemption shall apply only if such entity does not:#

1. (A)

   Charge, contract for, collect, or receive any interest, fees, or other consideration;#

2. (B)

   Retain or receive any financial interest in the outcome of the civil action, administrative proceeding, legal claim, or other legal proceeding; or#

3. (C)

   Retain or receive any right to recovery or payment from the amount of any judgment, award, settlement, verdict, or other form of monetary relief obtained in the civil action, administrative proceeding, legal claim, or other legal proceeding; or#

A lender that does not receive, in consideration for loaning money to any person, a right to receive payment from the value of any proceeds or other consideration realized from any judgment award, settlement, verdict, or other form of monetary relief any person may receive or recover in relation to any civil action, administrative proceeding, legal claim, or other legal proceeding.#