- Introduced -

SB 1057 - This act limits a successor of asbestos-related liabilities of a domestic business corporation to the fair market value of the total assets of the transferor at the time of merger or consolidation. A corporation shall have no liabilities beyond this limit. This limit applies to all existing claims and litigation but does not apply to worker's compensation benefits, any other claims (besides asbestos), insurance corporations, and labor relations issues.

SARAH MORROW