- Perfected -

SS/SB 242 - This act provides that in order to secure and protect monies to be received as part of the settlement agreement with tobacco companies, the total appeal bond required of all appellants collectively shall not exceed $50 million in any civil litigation involving a claim relating to tobacco products. A court, if good cause is shown, may set the bond on appeal in an amount lower than that established by law.

If the party bringing the appeal is shown to be purposefully dissipating or diverting assets outside the ordinary course of business for purposes of avoiding ultimate payment of the judgment, then the $50 million limit may be rescinded and the court may enter orders to prevent such dissipation or diversion of the assets.

This act shall apply to all cases pending on or after the effective date of this act.

This act contains an emergency clause.

JIM ERTLE