Okla. Stat. tit. 12, § 12-3226.2
This is the official text of Okla. Stat. tit. 12, § 12-3226.2, part of Oklahoma’s Stat. tit. 12, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Commercial litigation funder and commercial litigation
Official statutory text
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 Page 512
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.
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 Page 512
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.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.